Even though Florida is outpacing the national average is jobs created, survey results from the Florida Chamber of Commerce’s First Quarter Small Business Index Survey show that workforce continues to be the top concern among Florida small businesses. The is the 11th quarter out of 12 that small businesses have ranked this issue among their top concern.
“While Florida’s job creators should expect a strong 2020, continuing to outpace the nation in job creation, they continue to be highly concerned about finding qualified workers.”Dr. Jerry Parrish
Chief Economist and Director of Research, Florida Chamber Foundation
While the probability of a recession is declining, Florida’s job creators are now much more concerned about government regulations and mandates for Florida businesses, which entered the top three.
The Florida Chamber’s first quarter Small Business Index Survey shows small businesses are most concerned about:
• Workforce Quality – 28 percent
• Healthcare Costs – 13 percent
• Government Regulations – 12 percent
• Economic Uncertainty – 10 percent
• Lawsuit Abuse – 4 percent
Despite their concern about workforce quality, job creators expect higher sales than last year. Of Florida small businesses, 69 percent of respondents expect to have higher sales than the previous year. Additionally, 49 percent of respondents expect to hire in the next six months, up from 39 percent in last quarter’s survey.
“Entrepreneurs and small businesses are the backbone of Florida’s economy, and the Florida Chamber’s Small Business Council remains committed to advocating on their behalf.”Glenda Hood
Chair of the Florida Chamber’s Small Business Council
Member, Florida Chamber Board of Directors
President, Hood Partners
The Florida Chamber recognizes that small business is big business. To learn more about becoming a member of the Florida Chamber’s Small Business Council, contact Carolyn Johnson at firstname.lastname@example.org or (850) 521-1235.