SMALL BUSINESS OPTIMISM SOARS NATIONWIDE, ALL EYES ON CHRISTIE HERE AT HOME
TRENTON (January 10, 2017): The National Federation of Independent Business (NFIB) released their monthly Index of Small Business Optimism this morning. Hours before Governor Christie makes his final State of the State speech, the Garden State’s largest small business advocacy group can’t help but wonder if New Jersey members will mirror the skyrocketed optimism displayed at the national level anytime soon.
“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 Laurie Ehlbeck, NFIB New Jersey state director. “Unfortunately, here at home, the future remains uncertain for many of our members thanks to a hostile fiscal environment for small business at the state level. We certainly hope to hear ideas from the Governor later today that will turn that around.”
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 regulations and focus on the issues most pressing to the small business community.
“Policy decisions have a profound impact on the mindset of the small business owner. Governor Christie has a wonderful opportunity today to set the table for 2017 with an agenda that includes dramatic tax reform as well as legislation to stabilize our finances,” continued Ehlbeck. “Fiscal certainty at the state level are vital for the success of the small business community. New Jersey is one of the highest taxed states in the country, and the Governor has the opportunity to spend his final year in office focusing on reducing our tax burden and improving our economy, we certainly hope he will use his time left wisely.”