BUSINESS OUTLOOK SURVEY RESULTS
Feature
LOCATION OF 2023 SALES
Outside US 2%
Outside of MN, in US 13%
2022 RESPONSE
2021 RESPONSE
55% 56.7%
30% 27.9%
13% 14.4%
Outside of Rochester, in MN 30%
2%
1%
Within Rochester 56%
MOST SIGNIFICANT CHALLENGES IN 2023
Hiring Employee Cost
3.6
3.5
Employee Rentention Rising Input Costs
4.3
4.3
Customer Sales Taxes Supply Chain Disruptions Access to Captial Other
5.7
4.1
4.3
7
8.4
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
9.0
Average Rating (1 = Most Signigicant, 8 = Least Significant)
2022 RESPONSE 2021 RESPONSE
3.5
3.6
3.9
4.4
4.6
4.7
5
7
3.1
3.8
4
4.8
4.6
5.2
4.4
7
16 | ROCHESTER AREA CHAMBER OF COMMERCE ADVANTAGE MAGAZINE — APRIL 2024
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