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National Economy Tops Concerns for Capital Region Employers in 2012

Marvin and Company, University at Albany School of Business Announce Results of 26th Annual Business Climate Survey

School of Business Dean Donald Siegel addresses business people and media at the release of the 26th Annual Marvin and Company/ University at Albany School of Business’ Business Climate Survey on Feb. 28.

ALBANY, N.Y. (February 28, 2012) -- For only the second time in 17 years, Capital Region firms ranked the national economy ahead of rising health care costs as their primary business concern, according to the 26th Annual Marvin and Company/University at Albany School of Business’ Business Climate Survey. Health care costs, which claimed the top spot in 15 of the previous 16 surveys, finished second before taxes and government regulations.

The report also illustrates that nearly half of local employers are forecasting business growth in 2012 and 95 percent of firms expect employment levels to either increase or remain stable. Since 2012, 43 percent of businesses reported growth, nearly 30 percent saw business remain stable, and only 27 percent of firms reported a decline in business.

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