Semi-annual PNC Economic Outlook shows rebounds among all small businesses for sales, profits and hiring amid stable interest rates and lower energy prices compared to six months ago. Concerns about a federal minimum wage hike are limited to the retail and wholesale industries.

Pittsburgh (PRWeb) April 5, 2007 -- As Congress considers the first federal minimum wage increase in 10 years, most small business owners across the United States foresee minimal impact on their business except retailers who expect to raise prices and reduce hiring, according to the semiannual PNC Economic Outlook survey.

Amid stable interest rates and lower energy prices, down from last year's highs, the overall views, meanwhile, of small and mid-sized business owners reflected a boost in expectations for their sales, profits and hiring of new employees during the next six months.

      Read the rest of this release, click here.