Office Depot (NYSE:ODP), a global provider of office products and services, has announced the results of its Office Depot Small Business Index. This is a survey that is meant for gauging the economic trends of small businesses that operate in America.
Following the completion of mid-term elections, the survey reveals mixed attitude toward economy and small businesses. The small businesses are found to have a conviction that the result won’t have a very positive impact for their businesses. However, the business size is a real determining factor. The larger the company, the more likely they are to believe that election results shall be positive.
It is also true that the economy has had significant impact on small businesses and on the 2010 mid-term elections. Two-thirds of the respondents believe that the elections are impactful in a positive way for their businesses. Some companies that remained unchanged throughout the course of the elections, has made it clear that they would be hiring new employees.
The small businesses that prior to the election results expected positive impacts, now after the elections believe that the ‘Republican Victory’ will mean “lower taxes” (41 percent) and “less government regulation” (43 percent).
From a geographical perspective, it is being found that small businesses operating in Texas and Florida are found more reluctant to believe that mid-term election results shall mean positive to their business in comparison to businesses operating in California and Illinois.
“Small businesses are truly the backbone of our economy, and Office Depot stands ready to help customers emerge out of what has been a terrible recession,” says, Neil Austrian, Interim Chairman and CEO of Office Depot.
This article was submitted by Rohit Arora, co-founder of Biz2Credit. Biz2Credit is a small business marketplace that connects entrepreneurs with financing options and advice to grow their business. Send all questions to