Florida's Hispanic enterprise owners say they're saving more and spending less, according to a PNC Bank survey released Monday.
Seventy-two percent said they would conserve cash over the next six months and 64 percent say they'll reduce capital spending.
The business owners say they're erring on the side of caution even though they're optimistic about the growth of their companies. That cautious attitude could be a stumbling block for growth in job creation, PNC says.
The survey, by Artemis Strategy Group, was conducted of 523 Hispanic enterprise owners or senior decision makers for Hispanic enterprises with annual revenue of $100,000 to less than $10 million from May 18-June 12.
This is PNC's first survey of Hispanic enterprise owners so there are no comparative results.
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