Advantage Magazine | April 2024

BUSINESS OUTLOOK SURVEY RESULTS

Feature

ANTICIPATED CHALLENGES IN 2024

Hiring Employee Cost Employee Rentention Rising Input Costs Customer Sales Taxes Supply Chain Disruptions Access to Captial Other

3.6

3.6

4.1

4.4

3.8

3.9

6

7

8.6

0.0

2.0

4.0

6.0

8.0

10.0

Average Rating (1 = Most Signigicant, 8 = Least Significant)

2022 RESPONSE 2021 RESPONSE

3.5

3.6

3.9

4.2

4.3

4.9

5.1

7

3.2

3.8

3.9

4.8

4.3

5.1

4.6

7.1

OPTIMISM FOR BUSINESS IN 2024

Neutral 18%

2022 RESPONSE

2021 RESPONSE

Optimistic 39%

41%

46%

44%

46%

15%

8%

Concerned 43%

18 | ROCHESTER AREA CHAMBER OF COMMERCE ADVANTAGE MAGAZINE — APRIL 2024

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