PROTECTING SMALL BUSINESS, PROMOTING ENTREPRENEURSHIP

Business Trends

August 16th, 2017 by

A Tax Roller Coaster Ride in the Pine Tree State Ends Up Being No Fun by Raymond J. Keating- Small Business Policy Index 2017: Maine ranked 44th among the 50 states. SBE Council’s “Small Business Policy Index 2017” ranks the 50 states according to 55 different policy measures, including a wide array of tax, regulatory […]

August 15th, 2017 by

by Raymond J. Keating- The Census Bureau’s advanced look at July retail sales, along with positive revisions for June, make for a positive take on the consumer. In July, retail sales increased by 0.6 percent, which basically doubled market expectations. In addition, a decline of 0.2 percent for June was revised up to a gain […]

August 14th, 2017 by

  by Raymond J. Keating- Small Business Policy Index 2017: South Dakota ranked 3rd best among the 50 states. North Dakota ranked 21st among the states. SBE Council’s “Small Business Policy Index 2017” ranks the 50 states according to 55 different policy measures, including a wide array of tax, regulatory and government spending and performance […]

August 11th, 2017 by

by Raymond J. Keating- Productivity in the second quarter of this year climbed at an annualized rate of 0.9 percent, which was up from a revised slight gain of 0.1 percent in the first quarter. Nonfarm business sector labor productivity (as the Bureau of Labor Statistics notes, productivity is output per hour, “calculated by dividing […]

August 8th, 2017 by

by Raymond J. Keating- Consumer credit outstanding offers a hard-numbers take on consumer confidence. The latest data from the Federal Reserve says that consumer credit continues growing, but at slower rates. Consumer credit, excluding loans secured by real estate, are split between revolving credit (mainly, credit cards), and nonrevolving credit (includes, as noted by the Fed, […]

August 4th, 2017 by

But Entrepreneurship Still Needs a Big Boost by Raymond J. Keating- The July jobs report from the U.S. Bureau of Labor Statistics served up some solid numbers. In particular, the monthly data were strong in terms of the household survey, which better captures small business activity. At the same time, though, we saw a falloff […]

August 3rd, 2017 by

by Raymond J. Keating- In late July, the U.S. Bureau of Economic Analysis released first quarter data on real state GDP growth. As is typically the case, economic growth actually can and does vary considerably from state to state, and region to region. Top Growth States In the first quarter 2017, the top growth states […]

July 25th, 2017 by

by Raymond J. Keating- Small Business Policy Index 2017: Washington ranked 6th among the 50 states. SBE Council’s “Small Business Policy Index 2017” ranks the 50 states according to 55 different policy measures, including a wide array of tax, regulatory and government spending and performance measurements. Small Business Tax Index 2017: Washington ranked 5th among […]

July 20th, 2017 by

by Raymond J. Keating- The most recent data on manufacturing generally is encouraging, though with some question marks persisting. The Institute for Supply Management’s manufacturing index hit 57.8 percent in June. That was up by 2.9 percentage points from May, and the highest level hit since August 2014. Timothy R. Fiore, chair of the Institute […]

July 20th, 2017 by

by Raymond J. Keating- The housing industry, of course, is dominated by small businesses. Consider, for example, that in the residential building construction industry, among employer firms, 81 percent have fewer than five workers, and 97.6 percent have less than 20 employees. Of course, housing was hit hardest during the recession, actually leading the nation […]

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