St. Louis Leads The Way In Small Business Job Growth
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ST. LOUIS (KMOX) - Amidst growing signs that the economic recovery is starting to take hold, word that St. Louis is pacing the field nationally when it comes to small business job growth.
The latest Global Entrepreneur Indicator study is based on surveys with more than 1,500 entrepreneurs across the country.
“St. Louis is near the top of the list as far as hiring trends,” notes Dan Curran, president of the Entrepreneurs Organization of St. Louis. “About seventy-percent of our membership expects to be hiring within the next six months.”
That includes XIOLINK, a provider of managed infrastructure and private cloud computing solutions.
“We’ve been growing steadily year after year, and this year we anticipate adding another fifteen jobs,” says XIOLINK CEO Brad Pittenger. “We did ten last year and fifteen this year.”
XIOLINK, located at 11th and Olive downtown, currently has 40 employees.
Along with the 70% figure when it comes to hiring, the study showed that 80% of St. Louis entrepreneurs expect their revenue to increase over the next year.
“The results from the survey confirm that St. Louis entrepreneurs are thriving, says Dan Curran. “Small business owners are one of the fastest growing sectors in the economy, and nowhere is this more apparent than right here in St. Louis.”