Over one-fifth of Florida’s small business owners place government regulation as their highest concern — substantially more than recorded previously — with economic uncertainty tallying close in second place, says the Florida Chamber Foundation’s recent survey.
While in the year’s first quarter, 46 percent of the Foundation’s Small Business Index Survey reported business improved over a six-month time period, second-quarter response indicated only 38 percent concurring, according to the questionnaire conducted electronically between June 1 and June 17.
“The overall outlook is less positive than it was in the last quarter, with government regulations appearing as the top issue,” Jerry Parrish, Florida Chamber Foundation’s chief economist and research director, said. “Florida’s small businesses are still concerned about the economy and workforce quality, but the good news is that many small businesses are still planning to hire new employees and plan to make capital investments in the coming year.”
Besides government oversight and economic uncertainty, logging 22 percent and 20 percent respectively as areas of concern, 18 percent of respondents also cited workforce quality. Taxes, capital and growth management scored less than 10 percent each, while 18 percent specified “other” miscellaneous misgivings.
“Small businesses continue to face a number of challenges, including increased government regulations,” Ron Jon Surf Shop president Debra Harvey, who serves as the Florida Chamber of Commerce’s Small Business Council chair, said. “As we work together on the Florida Chamber Small Business Council, we look forward to identifying solutions that support our business community and grow this important economic engine.”
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