Research Center Staff

Michael Chow – Lead Data Analyst/Economist

Michael J. Chow is Lead Data Analyst and Economist at the National Federation of Independent Business Research Center. He has previously worked for the Office of Economic Policy and Analysis at the Department of Labor and for the President’s Council of Economic Advisers. He received an M.A. in Applied Economics from the Johns Hopkins University, an M.Sc. in Econometrics and Mathematical Economics from the London School of Economics, and a B.S.E. in Electrical Engineering from Princeton University. He is a member of the American Economic Association, the National Association for Business Economics, and the National Economists Club, the latter for which he has served as past president and chair.


William C. Dunkelberg – Chief Economist

Chief Economist for the National Federation of Independent Business since 1971, Dunkelberg is a nationally known authority on small business, entrepreneurship, consumer behavior and consumer credit and government policy. He is also a Professor of Economics at the School of Business and Management, Temple University, where he served as Dean from 1987 through 1994 and as Director of the Center for the Advancement and Study of Entrepreneurship. His prior appointments were at the Krannert Graduate School of Management, Purdue University, the Graduate School of Business, Stanford University and the Survey Research Center at the University of Michigan. He served as an adviser to the secretary of Commerce, and was appointed to the Consumer Advisory Council of the Federal Reserve System in 1989 for a two-year term. He has a B.A., M.A. and Ph.D. degrees in Economics from the University of Michigan.

Paul Bettencourt – Policy Analyst

Paul Bettencourt is a Policy Analyst at the NFIB Research Center, where he synthesizes and communicates research about public policy issues affecting small businesses. He also assists in the production of the monthly Small Business Economic Trends survey. He was previously an International Trade Analyst at TradeMoves, LLC, a small consulting firm in the Washington, DC area. He has undergraduate degrees in International Studies and Economics from American University and is a current evening student at the Georgetown University Law Center.

Holly S. Wade – Director, Research and Policy Analysis

Holly Wade is the director of research and policy analysis for NFIB, where she provides analysis on public policy issues and economic trends affecting small business. She also produces the monthly Small Business Economic Trends survey with NFIB’s chief economist. She is a member of the National Association of Business Economics, National Economists Club, and the Department of Commerce’s Industry Trade Advisory Committee on Small and Minority Business. She has undergraduate degrees in Political Science and Sociology from the University of Washington and a Masters of Public Policy from the University of Denver.

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