Economic uncertainty top small business concern, Florida Chamber survey finds

economic uncertainty (Large)

Sunshine State small businesses say economic uncertainty is their top concern for the second quarter in a row according to a survey released Tuesday by the Florida Chamber of Commerce.

“There is still optimism in Florida’s small business community, but the overall outlook is less positive than it was in the last quarterly survey,” said Dr. Jerry Parrish, chief economist and director of research at the Florida Chamber Foundation. “Certainly there are concerns in the international economy that may affect economic uncertainty for all Florida businesses.”

About one in five businesses listed economic uncertainty as their top concern. Another 15 percent said workforce quality was their biggest challenge, followed by access to capital at 13 percent and government relations at 10 percent.

The survey wasn’t all gloom, however, as 54 percent of respondents said they planned to make a hire in the next six months and 53 percent said they would increase investments in equipment over the next year, up from 50 percent who said the same last quarter.

“Small businesses are the lifeblood of Florida’s economy and create two out of three jobs in our state,” said Ron Jon Surf Shop president and Florida Chamber Small Business Council Chair Debbie Harvey. “The Florida Chamber will continue to champion small businesses in the effort to stimulate economic growth and create new jobs.”

The Florida Chamber survey was conducted between March 24 and March 28 and had 88 respondents. A third of the businesses polled had five or fewer employees and nearly half had between five and 49 employees.

Drew Wilson

Drew Wilson is Vice President of Florida Politics, where he helps lead a talented team that produces must-read newsletters including Sunburn, Takeaways from Tallahassee, and Diagnosis. A University of Florida alumnus, he began his career at The Independent Florida Alligator — the nation’s largest student-run newspaper and a training ground for many of Florida’s top political reporters. He later served as a business correspondent for The Hollywood Reporter, then returned to Tallahassee to cover the state economy and Legislature for LobbyTools and The Florida Current, before segueing to Florida Politics, where he’s been for more than a decade. He spends too much time workshopping zingers for Capitol Directions — and not enough time outdoors.



#FlaPol

Florida Politics is a statewide, new media platform covering campaigns, elections, government, policy, and lobbying in Florida. This platform and all of its content are owned by Extensive Enterprises Media.

Publisher: Peter Schorsch @PeterSchorschFL

Contributors & reporters: Phil Ammann, Drew Dixon, Roseanne Dunkelberger, Liam Fineout, A.G. Gancarski, Ryan Nicol, Jacob Ogles, Cole Pepper, Andrew Powell, Jesse Scheckner, Janelle Taylor, Drew Wilson, and Mike Wright.

Email: [email protected]
Twitter: @PeterSchorschFL
Phone: (727) 642-3162
Address: 204 37th Avenue North #182
St. Petersburg, Florida 33704