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Small Company CFOs Gear Up for Heightened Spending

Finance chiefs eye aggressive expenditures as recession fears fade

With odds improving that the economy will escape falling into a recession in 2023, small-company CFOs are all-in with plans to ramp up business spending this year.

Even before financial firms lowered their expectations for a recessionary year — Goldman Sachs, for example, recently downgraded the likelihood to 25 percent from 35 percent — such CFOs were ready to spend on growth.

A large majority of these finance chiefs, 300 of whom were surveyed in late 2022, predicted spending will increase this year across the full corporate spectrum: capital expenditures, payroll, operating expenses, marketing, sales and production.

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