SMALL BUSINESS OPTIMISM SOARS AS BRANSTAD DELIVERS FINAL ADDRESS
DES MOINES (January 9, 2017): The National Federation of Independent Business (NFIB) released their monthly Index of Small Business Optimism this morning. Hours prior to Governor Branstad making his final Condition of the State address, it was revealed that the sentiment amongst small business owners throughout the country has taken a dramatic turn for the better.
“In December, we saw a 38-point jump in the number of small business owners anticipating improved business conditions on the horizon and that is certainly a historical bounce in the optimism index,” according to Tim Goodrich, NFIB Regional Director of State Public Policy. “As Governor Branstad makes his remarks to the legislature today, our members will no doubt be listening for policy proposals that have the potential to not only strengthen the small business community but make Iowa’s economy even more robust at the state level.”
The bump in optimism has been linked to the election as small business owners anticipate that the leadership change in Washington D.C. will lead to a reduction in federal regulations as well as a focus on the issues most pressing to small business owners. Governor Branstad is expected to resign his gubernatorial post later this year when he becomes Ambassador to China for the new administration.
“Policy decisions have a profound impact on the mindset of the small business owner. As Governor Branstad prepares to pass the baton to Lieutenant Governor Reynolds, he has a unique opportunity to present lawmakers with reforms that may not have been palatable to previous legislatures,” continued Goodrich. “During the upcoming legislative session, we are certainly anticipating discussions will involve an improvement to existing tax policy as well as a reduction in state spending. Proposals today involving shrinking the size and scope of government while improving Iowa’s fiscal condition would no doubt be well received by Iowa’s small employers.”
Click here to view the entire NFIB Index of Small Business Optimism.
For more information about NFIB, please visit www.nfib.com.