Latest Survey Results for Georgia Business Climate Survey Suggests Georgia Business Leaders are Optimistic about Future of Georgia
Georgia Southern University’s Business Innovation Group (BIG) and Georgia CEO have partnered to establish a new Georgia Business Climate Survey, which will serve as a tool for viewing how the state is moving forward economically. Distributed on a quarterly-basis, the survey covers various types of questions regarding the business industry specifically, the economy as a whole, the business industry’s propensity to hire new staff and investments in capital.
This quarter’s survey analysis suggests that survey participants are cautiously optimistic about the future of Georgia’s economy. When asked directly about their outlook on Georgia business conditions over the next three months, 42 percent of participants thought conditions would be better in three months while 46 percent thought business conditions would be the same.
When asked about their outlook on the next three months, business leaders were the most optimistic about business volume and sales and the most anxious about capital access, profitability and labor availability.
Right now, 75 percent of survey participants do not think they will do more business out-of-state than what they are currently doing. Overall, only 21 percent are planning on expanding their out-of-state business activities in the next three months.
Thirty-two percent of survey participants work for companies that employ less than nine people, while 24 percent of participants work for companies that employ more than 250 people.
“Survey participants are cautiously optimistic about the current and future state of the economy,” stated Ben McKay, research specialist for the Georgia Southern Bureau of Business Research and Economic Development (BBRED). “This is a night and day difference when these findings are compared to similitude research conducted by BBRED shortly after the crash of 2008.”
The sampling technique used for this study was a convenience sample of subscribers to one of the nine Georgia CEO daily newsletters. The locations served by this publication include Albany, Athens, Augusta, Columbus, Middle Georgia, Newnan, Savannah and Valdosta. Participants were contacted via email and responded using a provided link to an online questionnaire. The survey was open for two weeks and collected 368 valid responses. Due to the sampling technique used, it is unclear what the response rate to this survey is and the results are not representative of the views of the entire population of Georgia. The results do reflect the views of many readers of Georgia CEO.
The Georgia Society of CPAs recently recognized Lowell Mooney, Ph.D., for his service to the Society as Chair over the past year.
Alumni! Remember the “Blue Cards” Lewis Stewart used to send out? Well, they are now online. Help us stay in touch with you by visiting GeorgiaSouthern.edu/Business/BlueCard to let us know what is going on in your life. We look forward to hearing from you soon.
Two Georgia Southern College of Business accounting faculty members were recently quoted by CNBC on crowdfunding and the tax implications of crowdfunding. Cheryl Metrejean, Ph.D., and Britton McKay, Ph.D., have done extensive research on the subject and commented on and recommended advice to those using fundraising sites, such as GoFundMe, Indiegogo and Kickstarter. The full article may be read here.
The Georgia Southern University Society for Human Resource Management (SHRM) Student Chapter received its tenth annual merit award for 2015-2016. The Merit Award is given to SHRM student chapters for providing superior growth and development opportunities to its student chapter members. 206 schools from across the United States applied for the award, and 163 winners were identified.
The annual Student Chapter Merit Award program, which began in 1972, recognizes chapters for outstanding activities and projects by chapters in the following areas: student chapter requirements, chapter operations, chapter programming and professional development of members, support of the Human Resource profession and SHRM engagement.
“These chapters truly represent the future of the HR profession,” said Susan Post, SHRM-SCP, East Divisional Director at SHRM and the lead for SHRM’s Student Programs. “Their achievements go above and beyond their everyday academic and work commitments, and we applaud the positive impact their efforts have on their schools, their local communities and beyond.”
Currently, the Georgia Southern SHRM Student Chapter is planning for the upcoming academic year and building on the partnership signed with the local Statesboro SHRM professional chapter. A joint Georgia Southern/Statesboro SHRM conference will target local business people, HR practitioners and GS students. The conference will include information sessions, continuing education and a job fair.