Small Business, Big Opportunities: The State of Small Business in Arkansas


Despite what you hear in the news about congressional gridlock and fears of a possible recession, nearly one-quarter of small businesses believe this is a good time to expand.

That’s according to the National Federation of Independent Business (NFIB) latest Small Business Economic Trends survey. And while last month’s reading may be down from the record 34 percent posted in August, it’s still better than it was four years ago. Then, only eight percent of those surveyed thought the time was right to grow their businesses.

What’s striking about this is that small business owners don’t like taking risks. They’re not going to replace old equipment, open a second location, or add jobs unless they think the economy is strong and likely to stay that way. That’s worth remembering as the Arkansas General Assembly begins its 2019 session.

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