Florida Small Business Index Survey

 

 

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Many in Florida’s small business community are experiencing both challenges and successes as our economy grows. As we work to secure Florida’s future, it is crucial that the Florida Chamber of Commerce understands what issues are most important to small businesses. The Small Business Index Survey tracks trends and issues affecting small businesses in Florida. Small business owners are surveyed in order to monitor small business trends and identify emerging issues that may be addressed by the Florida Chamber’s Small Business Council.

Workforce Quality and Government Regulations Top Concerns

Survey Results: 2018 – Quarter 4

As Florida job creators prepare to cast their vote for Florida’s next Governor, they are no doubt looking at which candidate will help strengthen Florida’s workforce and tackle government regulations – top concerns of business leaders on the Florida Chamber of Commerce’s Fourth Quarter Small Business Index Survey.

For the eighth quarter in a row, employers say finding additional skilled employees to meet open job demands is their number one concern. And small and local businesses are increasingly concerned about government regulations.

The Florida Chamber’s quarterly Small Business Index statewide survey shows small businesses are most concerned about:

  • Workforce quality (26 percent),
  • Government regulations (9 percent),
  • Access to Capital (8 percent),
  • Economic uncertainty (8 percent)
  • Lawsuit abuse (6 percent),
  • Taxes (6 percent),
  • Healthcare costs (6 percent),

Of Florida small businesses, 48 percent of respondents expect to hire in the next six months, up from 45 percent last quarter. And 43 percent expect to make investments in plants or equipment, down from 49 percent one year ago.

The Florida Chamber’s Small Business Index Survey was conducted electronically September 6, 2018 through October 11, 2018. Thirty-nine percent of respondents employ less than five employees, while 43 percent employ five to 49 employees. Click here to view the full report.

 

 

 

Florida Small Business Index Survey: Past Results