Interesting feedback from our members the past few weeks. Have spent a good deal of time lately on the street visiting with our members about the local and regional economy.
Surprisingly, it's a "mixed bag" that I'm hearing. While some business owners will smile, look around, and shyly report that they're having a pretty decent '09 year, (shhh....don't tell anyone!), there are also those who are struggling daily to keep the doors open and remain viable. The majority seem to be somewhere in between.
My gut tells me that there are more local businesses that are enjoying relative prosperity than there are those who are barely keeping their business heads above water.
"It's obvious that many of the national trends are having, at best, minimal impacts on quite a few local businesses. The fact that we're now part of a global economy still has rippling affects from one end of town to the other. It's true that everyone is closely watching their bottom line. The current economic downturn has given everyone permission to be more conservative." These are just a few phrases that have common threads in the comments I'm hearing.
In Marshall, with its deep roots firmly wrapped around fiscal conservatism and risk aversion, we will probably not realize the dizzying heights of economic prosperity, nor will be subjected to the incredible impacts that the recession is having on communities elsewhere in our country.
Marshall businesses continue to stay focused on providing quality products and services. Together, our community will have a greater chance of surviving the national economic challenges. Much more so than trying to go it alone.
That's my opinion. What about yours?
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