Monday, June 17, 2019

The Results Are In, See What Businesses Had to Say!

The results for the 2019 Business Climate Survey are in and based on those results, Southlake is looking like a great place to be doing business!

The City of Southlake recently conducted its first annual business climate survey. This survey enabled businesses to share their perceptions, ideas and suggestions about the quality of services provided by the City of Southlake, their challenges and other important business data that local elected and appointed officials can use when making decisions.

“As the business environment continuously evolves, it’s important for us to know how businesses are being challenged and what they find beneficial to being in Southlake,” said Deputy Director of Economic Development Daniel Cortez. “This survey is a great tool for us to start tracking not just the environment, but also satisfaction and sentiment as well.”

The results were largely positive and provided insight as to how businesses feel not just about the local economy, but the state and national economy as well. Some highlights of the survey are:

  • Most businesses indicated they were meeting or exceeding their sales targets;
  • Over 80% of businesses described the local business climate in Southlake as excellent or good;
  • More than three-quarters of businesses indicated they expect sales to increase over the next 12-months;
  • Eighty percent or more of businesses rated City services as excellent or good as it pertained to street quality, water service, trash services and overall City satisfaction;
  • Most businesses also indicated they expect their business to grow or expand in the coming year; and lastly,
  • Ninety-two percent of the businesses surveyed rated Southlake as an excellent or good place to do business.

The survey results also identified some local challenges that some businesses were experiencing such as the availability of labor, local traffic and competition from other businesses. Overall, most businesses felt there is nothing they would change about the local business climate and felt the sense of community is the biggest benefit of being a business in Southlake.

At the closing of this survey on March 22nd, there were 144 respondents or 8% of all businesses in Southlake. For complete survey results please visit the Business Climate webpage and click on the survey report.

 

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