Results find the business owners are a bit more hopeful about their future than they were last fall.
A survey from PNC Bank finds that owners of small and medium-sized businesses are slightly more optimistic about their future than they were in a similar survey last fall. However, nearly half of those business owners say they aren't ready to add to their workforce.
"Business sentiment is improving, but they are still cautious about what lies ahead," said Mekael Teshome, an economist at PNC.
The survey interviewed 152 Ohio business owners.
Only 14 percent of businesses surveyed expect to hire new employees. That's down slightly from 17 percent in the fall survey. There was also a slight reduction, 10 percent to 8 percent, in the number of owners planning to cut jobs.
"Although there is improvement in the economy, business owners are opting to try to do more with what they already have. They're going to wait it out until they feel confident that the recovery has staying power," said Teshome.
The business owners responded that regulations, taxes, and weak sales are their top concerns. The survey also found more optimism about the local economy than the national economy.
Teshome expects moderate economic growth this year.