The majority of local small and medium-sized businesses expect revenues to increase next year, according to a survey taken by downtown Los Angeles bank CTBC Bank Corp.

The Chinese-American bank polled managers and owners from more than 430 Southern California companies in its first ever CTBC Bank Business Survey – Southern California. Fully 59 percent of respondents believe their company’s 2015 revenue will exceed this year’s, and 78 percent believe business conditions in Southern California will improve or stay the same next year.

“Our inaugural CTBC Survey projects a very encouraging outlook for revenue and investment plans, which is a testament to confidence in the local economy and the advantages of the region as national and global business center,” said Noor Menai, CTBC’s chief executive, in a press release.

Not all the feedback was positive, however. Just 29 percent of respondents rated the business environment created by city and county governments as “good” or “excellent,” while only 20 percent gave the state government one of those rating.

Despite the low marks for government, only 11 percent of respondents interested in starting a business said taxes were the biggest impediment, and 8 percent named employee benefits. Most, 62 percent, said cash flow was the main concern.

The survey was conducted online between Aug. 21 and Aug. 28. by Baltimore business consultancy and communications firm FTI Consulting Inc.