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Seventy-six percent of the participating <br />businesses are locally owned with one <br />location and eight percent are locally <br />owned with multiple locations. One <br />conclusion that can be drawn from these <br />results is that many decisions regarding <br />Hugo businesses are made locally. <br />The businesses visited employ a total of <br />599 full-time employees and 224 part- <br />time employees. Overall, employment <br />is down 220 jobs from three years ago. <br />Full-time employment is down 324 jobs <br />while part-time employment is up 64 <br />jobs. This downturn is consistent with <br />the economic recession experienced in <br />the United States during this time <br />period, although it looks like the <br />participating Hugo businesses took a <br />harder hit. Businesses appear to <br />believe that the recession's effects are <br />waning for their businesses. None of <br />Figure 2: Future Plans <br />No Changes Planned <br />Expanding at This Location <br />Other Changes <br />Expanding at Another Location <br />Merging <br />Moving <br />Selling <br />Closing <br />Downsizing <br />the businesses surveyed intend to <br />decrease their work force in the next <br />three years. Roughly one-fifth of <br />businesses expect to add employees in <br />select job categories in the next three <br />years. <br />Overall, the survey results indicate that <br />businesses in Hugo are hopeful for the <br />future. As shown in Figure 2, only one <br />of the responding businesses indicated <br />that they are considering closing and <br />none are contemplating downsizing. <br />Nearly a quarter of the businesses (24 <br />percent) are considering expanding at <br />their current location and another <br />thirteen percent in another location. The <br />majority of businesses indicated they <br />were not currently considering any <br />changes. <br />10 12 14 16 <br />©2010 Regents of the University of Minnesota. All rights reserved. <br />31 <br />