Small Business Job Creation, Optimism hit record highs

Our economy is booming, wages are rising, and the latest survey by the NFIB shows small business job creators have never been more optimistic. Small business are the backbone of our economy and a healthy small business economy in West Michigan is critical to economic growth for our state and our nation.
Bill and the Republican-led Congress have enacted pro-growth policies to cut taxes for small businesses and cut through the overburdensome federal regulations that have hindered job creation. Tax and regulatory reform is directly responsible for the latest news of small business expansion, job creation, and increased investment.
Read more about this record setting small business expansion via CNBC below.
Small business optimism surges to highest level ever, topping previous record under Reagan
U.S. small business optimism surged to a record in August as the tax cuts and deregulation efforts of President Donald Trump and the Republican-led Congress led to more sales, hiring and investment, according to a survey by the National Federation of Independent Business.
The NFIB Small Business Optimism Index jumped to 108.8 last month, the highest level ever recorded in the survey’s 45-year history and above the previous record of 108 in 1983, set during the second year of Ronald Reagan’s presidency. The August figure was up from a 107.9 reading in July.
The NFIB noted record readings for job creation plans and the amount of owners saying it was a good time to expand. Capital spending plans were the highest since 2007.
“Today’s groundbreaking numbers are demonstrative of what I’m hearing everyday from small business owners – that business is booming,” said NFIB President and CEO Juanita D. Duggan, in a press release Tuesday. “As the tax and regulatory landscape changed, so did small business expectations and plans.”