LABOR COMMITTEE AGENDA OVERSHADOWED BY NEW LOW IN SMALL BUSINESS OPTIMISM

Date: March 08, 2016

LABOR COMMITTEE AGENDA OVERSHADOWED BY NEW LOW IN SMALL BUSINESS OPTIMISM

HARTFORD (March 8, 2016): On the same day that the National
Federation of Independent Business (NFIB) released its latest Small Business
Economic Trends (SBET) survey showing optimism is at a 2 year low, the Legislature’s
Labor Committee is set to weigh it’s options on mandating participation in various
state run benefits programs that will no doubt hurt small businesses in
Connecticut even further.

“This morning’s SBET revealed that the level of optimism
among small business owners nationwide is at the lowest point it has been in 2
years. There is a direct correlation between policy initiatives from lawmakers
and the level of confidence employers feel regarding their long term planning,”
according to NFIB Connecticut state director, Andrew Markowski. “The level of
uncertainty that exists at this point amongst our members is not going to
improve after today’s Labor Committee meeting where even more costly mandates
will be considered.”

NFIB’s monthly Small Business Economic Trends survey is
based on a monthly survey of small businesses. Conducted in February, it
reflects the response of 756 small businesses which fell 1 point to the lowest
reading in two years, with six of the 10 indices declining and four remaining
unchanged. Meanwhile in Hartford, today’s committee meeting will focus on
forming state run programs including private sector retirement as well as FMLA.

“The political climate was once again the second most
frequently cited reason for reluctance to expand businesses amongst owners in
this months SBET. Every time businesses are put on the defensive, like in today’s
hearing where they will have to explain to lawmakers that interfering in the
day to day operations of their businesses and the lives of their employees is
detrimental, the economy loses,” continued Markowski. “It’s time for politicians
to begin to take responsibility for the fact that their proposals are hindering
economic progress in Connecticut.”

 

Subscribe For Free News And Tips

Enter your email to get FREE small business insights. Learn more

Get to know NFIB

NFIB is a member-driven organization advocating on behalf of small and independent businesses nationwide.

Learn More

Or call us today
1-800-634-2669

© 2001 - 2022 National Federation of Independent Business. All Rights Reserved. Terms and Conditions | Privacy