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ICYMI: Small Business Owners More Optimistic Than Ever

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Washington, August 8, 2018 | comments

WASHINGTON – This week, Wells Fargo/Gallup released a survey touting the record-high optimism U.S. small business owners’ are experiencing, the highest in 15 years.

According to the report:

  • Cash flow and positive financial situation are strong drivers of optimism.
  • 78 percent of small business owners rate their current financial situation as very or somewhat good, compared with 73 percent in the second quarter of 2018.
  • 69 percent of small business owners rate their cash flow in the past 12 months as very or somewhat good, compared to 63 percent last quarter.
  • Owners cite hiring qualified workers as a top challenge.

“It’s clear that small businesses are thriving and small business owners are experiencing more economic confidence as a result of our booming economy. The Tax Cuts and Jobs Act is putting small businesses in the driver’s seat, and I’m proud of the bright future ahead for many,” said House Committee on Small Business Chairman Steve Chabot (R-OH). 

For the Wells Fargo/Gallup survey, click here.

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