A random sample of 82 Arts, Entertainment and Recreation companies, operating in the St. Louis MSA, was surveyed. These companies represent 1.06 percent of the region?s Arts, Entertainment and Recreation firms operating as of May 2011.
Arts, Entertainment and Recreation firms demonstrate slightly more confidence in their individual companies as in the industry as a whole, demonstrated by 79 percent of those surveyed ranking the health of their companies as Excellent, Good or Fair.
When asked to compare business performance in terms of revenue and sales to the past, and predications for the future, Arts, Entertainment and Recreation firms are optimistic, with 23 percent reporting an increase in business from one year ago. In one year from now 52 percent expect to see some increase, and 67 percent expecting to see an increase in business performance in the next five years.
Arts, Entertainment and Recreation firms are thinking positively about the future; but also recognize challenges to growth persist. Twenty-four percent of firms surveyed report Government Regulation as the single greatest challenge to continued company growth. Access to Capital is second with 21 percent of firms electing it. Availability of Qualified Labor is third with 11 percent.
Surveyed firms were asked to elect, from a list, any possible barriers they face in expanding current employment levels. Economic Conditions is seen by 65 percent (53 firms) as a barrier to hiring new workers.
Source: http://stlworkforce.org/2011/08/2011-industry-snapshot-arts-entertainment-recreation/
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