Earlier this week, we shared a fictional video that depicted the uncertain regulatory climate and its impact on business. Now, two groups – Public Notice and the Small Business & Entrepreneurship Council – have a series of stories from actual small business owners who are in the position of wondering about their ability to survive.
"Moving Forward in Uncertain Times," begins a four-part series called "The Story of Business." The first video features Wes Garner, President of Great Lakes Calcium Corp. in Green Bay, Wisconsin.
"Like families across America, business owners are having to make tough choices. They’ve cut hours, costs, and even laid off dedicated employees. These entrepreneurs are heavily invested in their businesses and have everything to lose-but they don’t see Washington making the same tough choices," said Gretchen Hamel, executive director of Public Notice.
In order to survive and thrive, business owners need pro-growth policies that provide clarity and certainty. Without these, business investment, expansion, and job creation suffer. Unfortunately, Washington has produced new laws and regulations that have added to business costs and widespread confusion among business owners. In addition, unresolved issues – like what the tax rates will be next year, and whether certain tax incentives will be available – are keeping entrepreneurs on the sidelines, and general business confidence in the tank.
"Small business owners do not have it easy, even in good economic times. They’ve certainly been put to the test during the last two years. Unfortunately, Washington only made matters worse — imposing mandates businesses can’t interpret and threatening to raise taxes to make up for years of overspending. Entrepreneurs face an uncertain future and they simply can’t afford what government is currently dishing out," said Karen Kerrigan, President & CEO of the SBE Council.