A recent survey by Bank of America shows that small-business owners expect local and national economic conditions to improve. Nearly 31 percent plan to increase their workforce by an average of 25 percent.
SMBs are spending more on technology across the board, from hardware and devices, to cloud services and virtualization. IT budgets at companies with fewer than 1,000 employees grew 6 percent in the first half of 2012 over the second half of 2011.
For the sixth straight month, economic indicators show that recovery in the U.S. is on the rise. The Conference Board recently reported that its Index of Leading Economic Indicators increased again in March as it has for the previous five months which indicates continued improvement.