Robb Hilson: January 28, 2016

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ROBB HILSON

Small Business Executive
Bank of America

Bank of America Small Business Owner Report Found Nearly Three in Four Small Business Owners Expect Revenue to Increase In 2016

Small Business Owners are Increasingly Optimistic in the Economy and Their Growth Potential

In November, Bank of America released its fall 2015 Small Business Owner Report, a semi-annual study exploring the concerns, aspirations and perspectives of 1,001 small business owners (SBOs) across the country. This year, the report explored the state of small business including attitudes toward the overall economy, revenue expectations and plans for growth.

According to the survey, 72% of SBOs anticipate an increase in revenue over the next 12 months – this is a 10% spike since fall 2014. The number of entrepreneurs planning to hire in the next 12 months has increased significantly as well (51% in fall 2014 vs. 67% in fall 2015). Their optimism expands beyond their business to the economy as they report increasing confidence in their local, national, and global economies: 56% are confident that the national economy will improve over the next 12 months (an 11% increase since fall 2014).

MORE ABOUT ROBB HILSON: 

Robb Hilson has been the Small Business Executive at Bank of America since November 2011. Hilson leads a national organization that provides banking solutions to more than 3 million businesses with annual revenue up to $5 million across the United States. Hilson joined Bank of America in 1987 and has held a number of leadership positions in Commercial Banking including West Region Credit Products Executive, Global Commercial & Investment Banking Credit Services Executive, Southeast Business Banking Executive, and South Florida Commercial Market Executive. He also has held the positions of President in South Florida and Palm Beach County, as well as state President of Florida. Hilson earned a bachelor’s degree in Finance from Florida State University in 1981 and a Masters of Business Administration in 1982 at the University of Georgia. Hilson grew up in Miami and has been active in many community organizations including Community Partnership for Homeless, Westminster Christian School, Leadership Florida, Greater Miami Chamber of Commerce, March of Dimes, United Way, and the Orange Bowl Committee.

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