TALLAHASSEE, Fla. (January 22, 2018) – Ask a Florida small business owner what keeps them up at night and they’ll likely point to the latest Florida Chamber of Commerce Small Business Index Survey, which shows workforce quality and government regulations as the top concerns of Florida’s job creators for the second straight quarter.
“Businesses are telling us, loud and clear, that in order to grow, they need access to a talented workforce,” said Dr. Jerry Parrish, Chief Economist and Director of Research for the Florida Chamber Foundation. “The Florida Chamber Foundation’s recent Florida Jobs 2030 report confirms this research by showing that the future of work is changing, and as this quarter’s Small Business Index once again shows workforce quality is top of mind for Florida’s businesses. Another trend we are seeing is businesses remain concerned about the impact government regulations have on their ability to grow. At the same time, we are seeing business confidence remain high. This signals a confidence in Florida’s economy, one that is echoed in the Florida Chamber Foundation’s newly released Florida Leading Index, which indicates job creation is expected to be substantially higher than the U.S. average.”
The Florida Chamber’s quarterly Small Business Index statewide survey shows small businesses are most concerned about:
- Workforce quality (27 percent),
- Government regulations (13 percent),
- Healthcare costs (11 percent),
- Lawsuit abuse (9 percent),
- Access to capital (8 percent).
Of Florida small businesses, 52 percent of respondents expect to hire in the next six months – up slightly from 48 percent in our Q4 2017 survey.
“Florida’s small businesses continue to face a number of challenges, including increased concerns about workforce quality and government regulations,” said Glenda Hood, Chair of the Florida Chamber’s Small Business Council, and Founding Partner, triSect. “The Florida Chamber’s Small Business Council looks forward to working together to identify and support solutions that will help and grow Florida’s small business community.”
About the Survey:
The Florida Chamber’s Small Business Index Survey was conducted electronically December 13, 2017 through January 12, 2018. 30 percent of respondents employ less than five employees, while 41 percent employ five to 49 employees. Click here to view the full report.
Established in 1916 as Florida’s first statewide business advocacy organization, the Florida Chamber of Commerce is the voice of business and the state’s largest federation of employers, chambers of commerce and associations aggressively representing small and large businesses from every industry and every region. The Florida Chamber works within all branches of government to affect those changes set forth in the annual Florida Business Agenda, and which are seen as crucial to secure Florida’s future. The Florida Chamber works closely with its Florida Political Operations and the Florida Chamber Foundation. Visit www.FLChamber.com for more information.