US Small and Midsize Businesses Poised for Growth, Waiting to Make Significant Moves: 2026 Columbia Bank Business Barometer

June 28, 2026 - 17:58

Small and midsize business owners across the United States are entering 2026 with a cautious sense of optimism. According to the latest Columbia Bank Business Barometer, many are expecting gains in productivity, profitability, and overall growth opportunities in the coming year. Yet despite this positive outlook, a significant number of these companies are holding off on major strategic moves.

The survey reveals a clear tension between long-term confidence and short-term hesitation. Business leaders report rising expectations for their own performance, with many anticipating stronger revenue and better operational efficiency. However, this optimism is tempered by a persistent sense of uncertainty and volatility in the broader economic environment. Owners are watching interest rates, supply chain stability, and shifting consumer demand closely before committing to large investments or expansions.

The report suggests that small and midsize businesses are essentially "poised for growth" but are waiting for clearer signals. They are not retreating, but they are also not rushing. Many are focusing on incremental improvements, such as upgrading technology or streamlining operations, rather than making bold moves like hiring surges or major capital purchases.

This wait-and-see approach reflects a broader trend in the sector. Business owners want to move forward, but they need a more stable foundation before they take the next big step. For now, the potential for growth is real, but the timing remains uncertain.