The latest Small Business Optimism Index from the National Federation of Independent Business could hardly be more depressing. It finds that the men and women who run our 33 million small businesses and hire more than half of American workers are in a somber mood.Amazingly, small company CEOs are even more fearful of the future today than during the COVID-19 pandemic, when most businesses were shuttered. The confidence numbers have decreased every year President Joe Biden has been in office.
The NFIB data is merely a survey, and sometimes business owners and investors act differently than they say they will. But there is more real data on how small companies are expanding. "Our members feel as though Biden has declared war on small businesses," Ortiz says. He also mentioned they're worried that a second Biden term would mean higher taxes, more regulations and a continuation of high prices.
This could be the death of thousands of small, independent-owned franchises. The Labor Department wants small businesses to allow unions to run their stores. Meanwhile, Biden is happy to give a big head start in the form of billions of dollars of grants and low-interest loans for large corporations such as General Motors and chipmaker Intel so they can expand their operations on the taxpayers' dime. These corporate welfare programs tilt the playing field in favor of the sharks, not the small-business minnows.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The Small Business Administration offers assistance for small biz hurt by Maryland bridge collapseThe Small Business Administration is offering assistance to those affected by the bridge collapse in Maryland. The bridge was a key transportation route in the region. Small businesses in the Mid-Atlantic region will be eligible for low-interest, long-term Economic Injury Disaster Loans of up to $2 million.
Source: AP - 🏆 728. / 51 Read more »
Small Business Crawl: Celebrating Womxn Owned BusinessJoin in this Saturday! March 30, for an all-day celebration of women-owned businesses! Introducing the Small Business Crawl, where you can explore various locations throughout the day and discover unique offerings, specials, and samples.
Source: SAcurrent - 🏆 607. / 51 Read more »
Four Dothan Business Owners Named Finalists for Small Business Person of the Year AwardFour Dothan business owners have been named finalists for the Dothan Area Chamber of Commerce’s Small Business Person of the Year Award. The 2024 finalists are Joshua Bane with Evergreen Creative Co., Reginald Greenwood of Sister’s Sout Express, Dave Guiler with Premier Entertainment Group, LLC, and Sandi Hodge with Shute Pecan Co, Inc. The Small Business Person of the Year Award is given annually to an individual owner of a local small business that shows the sustainability of their business, has strong employee relations, commitment to social responsibility, and strong community involvement.The Chamber of Commerce honors its small businesses with a week of activities in May, including the Small Business Person of the Year Award Luncheon.and receive the latest local news and weather straight to your email every morning. Get instant notifications on top stories from News 4 by downloading ourConsumer Reports investigation suggests high amounts of lead and sodium found in Lunchables
Source: WTVYNews4 - 🏆 590. / 51 Read more »
Ohio Small Business Owners Fear a TikTok Ban Would Take a Hit to Their SalesOhio small business owners worry banning TikTok could be bad for business.
Source: ClevelandScene - 🏆 383. / 55 Read more »