Small business owners make less decisions about elections than the general public

NEW YORK — Small business owners are more unsure about elections than the general public.

That’s according to a new study by Goldman Sachs’ 10,000 Small Businesses Voices, which surveyed 1,259 small business owners in 47 states, Puerto Rico, Guam, and Washington, D.C.

The majority plan to vote, with 96% saying they will definitely or probably vote in November.

However, 20% of small business owners say they have not yet decided who they will vote for in the presidential election. Among the general public, about 12% say they are undecided.

Research shows that 55% of small business owners don’t think presidential candidates speak out enough about issues that concern them, such as inflation, small business taxation, and regulatory burdens on small businesses. I answered.

“Today’s American small business owners are experiencing increasingly unaffordable operating costs,” said Jessica Johnson-Cope, director of the Johnson Security Agency in the Bronx, New York. She said, “As campaign season begins, small business owners want policymakers and candidates to focus on issues that improve the environment for small businesses, because small businesses are America’s future. That’s why.

Meanwhile, small business owners across the country say inflation continues to weigh on their businesses. 71% said inflationary pressures on their business had increased, and 49% said they had been forced to increase the prices of their goods and services in the past three months.