Businesses will find positive momentum for equipment investment as the changing economic and regulatory environment contributes to improved business conditions, according to the Equipment Leasing and Finance Association (ELFA).
The group points out that U.S. businesses, nonprofits and government agencies will spend over $1.5 trillion in capital goods or fixed business investment (including software) this year. Consequently financing a majority of those assets, will impact a significant portion of the U.S. economy.
“Equipment acquisition continues to drive the supply chains across all U.S. manufacturing and service sectors,” said Ralph Petta, CEO of ELFA.
So the group released its Top 10 Equipment Acquisition Trends for 2017, to “assist businesses in understanding the marketplace and planning their acquisition strategies.”
Read the full article in IndustryWeek.com here.