New York, Aug. 30, 2012 - CEOs of NYSE-listed companies are twice as likely as U.S. small business owners to expand their workforce in 2013, according to the recently released NYSE Euronext 2012 CEO Report. More downbeat compared to their optimistic large-company counterparts, two-thirds of U.S. small business owners say they may not add jobs in 2013, with some anticipating reductions in their workforce. Among report respondents, 57% of CEOs and 53% of U.S. small business owners believe that reducing tax rates on businesses would be the most effective solution to accelerate the growth of permanent jobs.
The NYSE Euronext 2012 CEO Report, now in its 8th year, presents the thinking of a diverse set of business leaders on the global economy, business growth, job creation and the impact of the U.S. elections.
"More than half of respondents believe that most private sector job creation over the next three years will come from small entrepreneurial companies," said Duncan L. Niederauer, Chief Executive Officer, NYSE Euronext. "However, more than 80% of U.S. small business leaders said that lack of access to capital, economic uncertainty and other burdens are having a significant impact on their ability to create jobs."
When asked about policy actions that would accelerate the growth of permanent jobs, U.S. small business owners suggested increasing funding for programs targeted to small businesses, tax credits for hiring workers and providing incentives for the repatriation of jobs. Participating CEOs of NYSE-listed companies suggested reducing compliance-related regulation, providing tax incentives to fund innovation efforts and spending to improve the nation's infrastructure.
Among survey respondents, approximately 25% of public company CEOs also indicated their company currently has a program in place to connect their business with startup, early stage or small businesses in general.
Earlier this year, NYSE Euronext launched the NYSE Big StartUpSM, a nationwide jobs growth initiative that connects startups and small business entrepreneurs with Corporate America to accelerate new business, funding and success. The program calls on the nation's corporate community to lend support, experience and resources to startups and small businesses to improve procurement, networking, business development, training, marketing and information sharing.
"With the NYSE Big StartUp initiative, we also launched Corporate Connections, an innovative and secure web-based platform that enables startups to connect directly with large corporations," added Niederauer. "The web portal is an opportunity for large companies to review and consider pre-screened startups for potential new business opportunities and mentoring relationships."
Participating CEOs of NYSE-listed companies offered the following advice for the next U.S. Administration:
U.S. small business owners provided the following input on growth and job creation:
The 2012 NYSE Euronext CEO Report, conducted this past July by ORC International and presented in cooperation with FOX Business Network, reflects the insights of 340 CEOs from companies listed on NYSE Euronext markets from 26 countries and 285 U.S. small-business owners. Complete results of the report are available at: www.nysemagazine.com/CEOreport and via the NYSE Magazine iPad app, which can be downloaded for free through iTunes.
Join the conversation about the 2012 NYSE Euronext CEO Report. Follow NYSE Euronext on LinkedIn and Twitter, using @NYSEEuronext or @NYSEadvocacy and #NYSECEOREPORT.
Interested in The NYSE Big StartUp?
For more information on the NYSE Big StartUp and how to engage with the partnership or to access a list of programs and events, please visit: www.nysebigstartup.com. Follow NYSE Euronext on LinkedIn and Twitter, using @NYSEEuronext or @NYSEadvocacy and #nysebigstartup.
Richard Adamonis: NYSE Euronext, 212-656-2140, firstname.lastname@example.org
Keara Everdell: NYSE Euronext, 212-656-2159, email@example.com
Christina Hungspruke: ORC International, 609-452-5419, christina.hungspruke@ORCInternational.com
About NYSE Euronext
NYSE Euronext (NYX) is a leading global operator of financial markets and provider of innovative trading technologies. The company's exchanges in Europe and the United States trade equities, futures, options, fixed-income and exchange-traded products. With approximately 8,000 listed issues (excluding European Structured Products), NYSE Euronext's equities markets - the New York Stock Exchange, NYSE Euronext, NYSE MKT, NYSE Alternext and NYSE Arca - represent one-third of the world's equities trading, the most liquidity of any global exchange group. NYSE Euronext also operates NYSE Liffe, one of the leading European derivatives businesses and the world's second-largest derivatives business by value of trading. The company offers comprehensive commercial technology, connectivity and market data products and services through NYSE Technologies. NYSE Euronext is in the S&P 500 index. For more information, please visit: http://www.nyx.com.