Tag Archives: Great Recession

The Condition of Small Businesses on the Gulf Coast One Year After Oil Spill

RBO: How badly did the spill effect the 2010 tourist season?

WB (William Bruce): The spill cut the number of summer visitors to the area by 40 percent according to the visitors bureaus in the area. The effect on the tourist related businesses was particularly dramatic when you realize that most of their yearly income is made during the summer. So a lot of businesses saw a 60 to 70 percent drop in annual revenue. Continue reading

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Tourism Breaks Record on Alabama Gulf Coast

Tourism officials in Gulf Shores and Orange Beach, Alabama confirm that the area has enjoyed a record breaking summer. In June, lodging revenue broke a record at $58 million. Early numbers available at this point for the rest of the summer show the trend continuing. Continue reading

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Both consumer confidence nationally and Alabama economy rebound

According to a new national survey by the Consumer Research Center, consumer confidence nationally surpassed expectations and hit a three-year high in February. And locally, Alabama’s economy stabilized during 2010 and is expected to show steady growth in 2011. Continue reading

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How to Finance Your Business Acquisition

For the last five years there is no question that financing has been the most difficult step in the process of buying a business. With the collapse of the financial markets in 2007, traditional sources of funding pretty much dried up. But now there is a light at the end of the tunnel. Continue reading

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