Georgetown Chamber survey finds fewer city businesses recorded profits in 2013

-increased costs, corruption high among concerns

A new Georgetown Chamber of Commerce and Industry (GCCI) survey has found that fewer city businesses recorded profits last year, amidst concerns about increased costs, corruption and a lack of political compromise nationally.

According to the GCCI’s Attitudinal Survey 2014, which was released yesterday, 75% of 80 surveyed members reported a profit in 2013, which represented a plunge from 91% in 2012. The 25% of surveyed members reporting a loss for last year represented the highest percentage recorded for such a position in the survey’s three-year history.

The survey also found optimism among the surveyed businesses is down for 2014, with only 53% indicating that they …..To continue reading, login or subscribe now.

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