Contact Us
Make My Homepage

An Uncertain New Take On Independent Business [AUDIO]

Many small businesses in New Jersey mirror growing pessimism about next year, sharing that uncertainty with small businesses nationwide.

Congress
Flickr User VintageREcall

The National Federation of Independent Business reports their optimism index dipped slightly in September.

The decline is a sign that the U.S. economy is taking a hit from uncertainty over the possibility of tax hikes and government spending cuts next year, said William Dunkelberg, chief economist at the NFIB.

“Owners are in maintenance mode — spending only where necessary and not hiring, expanding or ordering more inventories until the future becomes more certain,” Dunkelberg explained.

Laurie Ehlbeck is Director of the Federation of Independent Business/New Jersey. She says small companies here are also worried. She says they are concerned about the end of the tax cuts and many regulatory matters.

Bush-era tax cuts go away at year’s end, and that will hit the middle class and others hard. Also federal spending cuts are worrying independent companies. Ehlbeck says, “They feel that things are stalled. Everybody’s just waiting..I think they are waiting down in D-C, and things are not happening in the state as fast as people would like.”

She says most will not hire till the uncertainty is cleared up.

The survey did have some bright spots. The number of owners who believe this is a good time to expand their companies rose three percentage points. And the number of owners, who expect business conditions to improve in six months, gained 4 points.

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://nj1015.com using your Facebook account.

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

Register on New Jersey 101.5 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here

Register on New Jersey 101.5 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!