Nationally Recognized Economists Brief Small Business Owners in Madison
The Small Business Economic Road Show recently made a stop in Madison where NFIB members received a high-level briefing by two nationally recognized economists. The talk covered the small business economy, trends in consumer spending (national and local), and how public policy changes might affect both.
NFIB’s Chief Economist Bill Dunkelberg told the attendees about the current record-breaking optimism of small business owners. Dunkelberg explained the government could derail that trend if there is any uncertainty about taxes and regulations, which make it hard to plan for expansion.
VISA’s Chief Economist Wayne Best said tax reform and robust global demand is creating momentum among Wisconsin’s manufacturers. Best explained that will only improve when FOXCOMM breaks ground on its new factory in SE Wisconsin.
NFIB has conducted surveys of its members nationally for decades. Recently those reports show a surge in small-business optimism, more difficulty hiring employees, increased wages, more plans for business expansion, and, improved earnings.