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## Survey Data Shows Small Business Owners are Engaged in the Election Process

The latest survey data from Goldman Sachs’ “10,000 Small Businesses Voices” report revealed that small business owners are paying close attention to the upcoming elections. In fact, 96 percent of those polled stated that they intend to vote in November, showing a high level of engagement in the political process.

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## Uncertainty Among Small Business Owners in Choosing a Presidential Candidate

A notable data point from the survey highlighted that 20 percent of small business owners are undecided about which presidential candidate to support. This uncertainty is higher compared to the general public, with only 12 percent stating they are undecided, according to recent surveys.

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## Small Business Owners Express Dissatisfaction with Lack of Focus on Small Business Issues

The survey also revealed that a majority of small business owners feel that candidates for president are not addressing small business issues adequately. Fifty-five percent expressed dissatisfaction with the candidates’ attention to small business matters, while only 27 percent stated they are satisfied.

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## Top Concerns for Small Business Owners Include Inflationary Pressures and Regulatory Burden

Inflationary pressures, small business tax policy, regulatory burden, and access to affordable capital were identified as key issues that small business owners feel are not being sufficiently addressed by candidates. These concerns reflect the challenges faced by small businesses in the current economic landscape.

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## Financial Pain Points Highlighted by Small Business Owners

Small business owners cited higher labor costs, increasing commercial insurance costs, rising rent expenses, and escalating employee benefit and health insurance costs as top financial concerns. Accessing capital at affordable rates was also identified as a significant issue for small businesses.

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## Small Business Owners Adapt to Rising Inflationary Pressures

The report noted that a significant percentage of small business owners have experienced increased inflationary pressures on their businesses in the past three months. As a result, many owners have had to raise prices on their goods or services to offset these rising costs.

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## Call for Focus on Small Business Climate from Small Business Owners

Jessica Johnson-Cope, president of Johnson Security Bureau in The Bronx, N.Y., emphasized the importance of policymakers and candidates focusing on improving the small business climate. Small business owners are facing increasing operating costs and challenges, and they hope that campaign season will elevate the discussion on issues that shape the future of small businesses in America.

**How AI legalese decoder Can Help:** By analyzing policy proposals and statements related to small business climate and economic development, the AI legalese decoder can assist small business owners in understanding how each candidate plans to support and strengthen the small business sector. This tool can provide valuable insights into the policies that are likely to promote a favorable business environment for small enterprises, thereby helping owners advocate for their interests effectively.

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