Small Business Revving Up in 2015

Many firms with fewer than 50 workers have plans to expand, venture into new markets and add to payrolls.

In a sign of a healthier U.S. economy, small firms in the U.S. will see sales and profits perk up this year on the heels of a strong finish in 2014. For many, sales gains of 8%-9% are on tap, with net profits up roughly 6% from the previous year, which started out with harsh winter weather that hurt business.

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David Payne
Staff Economist, The Kiplinger Letter

David is both staff economist and reporter for The Kiplinger Letter, overseeing Kiplinger forecasts for the U.S. and world economies. Previously, he was senior principal economist in the Center for Forecasting and Modeling at IHS/GlobalInsight, and an economist in the Chief Economist's Office of the U.S. Department of Commerce. David has co-written weekly reports on economic conditions since 1992, and has forecasted GDP and its components since 1995, beating the Blue Chip Indicators forecasts two-thirds of the time. David is a Certified Business Economist as recognized by the National Association for Business Economics. He has two master's degrees and is ABD in economics from the University of North Carolina at Chapel Hill.