The State of The {Local} Economy

I attend an informal SOHO luncheon yesterday.  There were about 15-20 attendees, many of whom own and operate small businesses.  The people represented a nice cross-section of businesses ranging from banking, to real estate, to legal, to technology.

It seemed to me that there was a general feeling that the economy has bottomed out and is now beginning to move up the curve.  There were a few people who said that their sales in the last week had exceeded their total sales for the first couple of months of the year. I know in my own case my sales have increased over the past two weeks but not quite that significantly.

Many simply talked about a general increase in activity.  Phones are beginning to ring again.

Being from a small state like Connecticut, we recognize that our economy doesn’t have the wild growth swings that many of the high growth sun belt states experience.  Even so, with interest rates where they are right now I have to believe that nationwide people are moving to refinance their mortgages.  I’m not sure about the rest of the country, but here the banks are busy lending.

As for ETP, I am seeing more template downloads, including my VPA – Volume Purchase Agreement.  People don’t usually download that one until they are getting close on a large deal and corporate relationship.

I’m sure better days are ahead of us!

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