National Federation of Independent Business (NFIB)

#NFIB Chief Economist Bill Dunkelberg published an op-ed in Forbes regarding #smallbusiness creation in recent years: “Whether or not the surge in new business formations will continue is unclear, but supporting small business-friendly policies will help these new businesses thrive and may attract new entrepreneurs to enter the marketplace and create jobs. The entrepreneurial spirit is, without a doubt, alive and well, in the U.S.” Read more: https://lnkd.in/eSptn23s

An op-ed in Forbes includes data from #NFIB’s health insurance survey in an article on the rising cost of healthcare: “The National Federation of Independent Business reports that nearly half of small businesses (49%) have reported that health care costs have a significant impact on their bottom line.” Learn more: https://lnkd.in/e2VTiiTj

NEXT WEEK: Join us on May 1 for a free #NFIB webinar on wage and hour compliance for #smallbusinesses. #NFIB's Beth Milito and Holly Wade are joined by Bradford J. Kelley to discuss #smallbiz compliance legislation and practices. Register now: https://lnkd.in/e2XQ82kp

“While analysts expect inflation is continuing to meander down toward the U.S. central bank's 2% goal, the National Federation of Independent Business reported on Tuesday that small business optimism touched an 11-year low in March, with inflation as the most pressing concern," reports Reuters. Learn more: https://lnkd.in/e-i_vUHz

“Without teams of compliance officers and lawyers at their disposal, this rule's vaguely defined and open-ended terms will be a compliance nightmare for small business owners. Beyond the task of upending how they approach hiring and training new employees, owners will need to tediously study existing contracts to properly alert current employees of these changes or risk being penalized," says Executive Director of the #NFIB Small Business Legal Center Beth Milito regarding the U.S. Federal Trade Commission’s final rule on non-compete clauses. Learn more about the FTC's final rule: https://lnkd.in/eESPWqi5

Executive Director of the #NFIB Small Business Legal Center Beth Milito is quoted in The Business Journals: “Small businesses often struggle with the ever-changing nature of federal regulations. The overtime threshold was last increased in 2019, and now is not the time to saddle small businesses with another costly regulation when the small business economy is still recovering. We urge the DOL to consider the economic impact the new requirement would have on small businesses and avoid issuing the rule.” Learn more: https://lnkd.in/dHaFK_Xu

Reuters notes #NFIB’s amicus brief in the case Texas v. Biden at the U.S. Court of Appeals for the Fifth Circuit concerning the Department of Labor’s rule increasing the minimum wage for federal contractors: “The plaintiffs include the Chamber, the National Federation of Independent Business, and groups representing the construction, retail, trucking, and financial services industries.” Learn more: https://lnkd.in/dGUqnB6Y

“Small businesses don’t need a cycle of uncertainty every few years, worrying if Congress will or won’t protect their relief. They need the confidence to continue investing, expanding, and improving their communities,” said #NFIB President Brad Close. Close wrote an op-ed published in The Wall Street Journal urging Congress to make the 20% #smallbusiness Deduction permanent. More: https://lnkd.in/e6viQhSu

The Business Journals cites #NFIB’s March jobs report in a recent article: “According to the National Federation of Independent Business, 56% of business owners reported hiring or trying to hire in March – and of those, 86% reported few or no qualified applicants.” Read more: https://lnkd.in/e4pR5JvT

The U.S. Department of Labor's new overtime rule is intrusive of #smallbusiness practices. "This rule is another costly hoop for small business owners to jump through. Small businesses will need to spend valuable time evaluating their workforce to properly adjust salaries or reclassify employees in accordance with this complicated mandate," said the #NFIB Small Business Legal Center Executive Director Beth Milito. Read more: https://lnkd.in/e9EeWgF4