Press Release: Business Confidence Drops Due to Slowing Economy, According to Bay Area Council Survey

The Bay Area Council today released the results of the Summer 2010 Business Confidence Survey. It shows a slight downturn in business confidence and hiring this quarter. Even though we’re seeing a downward trend in business confidence in this survey, the strength of the Bay Area economy continues to provide optimism to CEO’s and executives. Overall, the Bay Area economy is in better shape than it was six months ago. However, uncertainty about what lies ahead continues to affect the key indicators, such as hiring. The Bay Area needs to continue pushing for smart, business-friendly policies that encourage hiring to pull our region out of the recession. The initiatives and policies that we are focusing on at the Bay Area Council, such as supporting infrastructure projects and financing for sustainable energy will help move the Bay Area economy in the right direction.

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