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WASHINGTON – This week, the Small Business Administration (SBA) Great Lakes Regional Administrator Rob Scott wrote an op-ed for the Pike County News Watchman sharing how the Tax Cuts and Jobs Act has directly benefited the almost one million small businesses in Ohio.
“Thanks to the recent federal tax cut, local business owners are making investments in their businesses and employees by raising wages, increasing benefits and purchasing equipment to grow their businesses and create new jobs.
The owner of a manufacturing business in Columbus is expanding operations by investing in new equipment and adding eight to 10 additional jobs for disadvantaged workers in the area.
In Cincinnati, a healthcare business owner was able to purchase a building that he had been leasing for 17 years, a decision influenced by the tax cut. The owner also plans to give his employees bonuses and raise wages for field staff,” said Rob Scott.
“By creating a favorable environment for small businesses to thrive, we are improving entrepreneurs’ chances for success and strengthening Ohio’s economic outlook. Small business owners are more optimistic about their companies’ success, leading to more jobs, higher wages and increased sales and profits”
To read the full article, click HERE.
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