by Daniel Stefanski | Sep 24, 2024 | Economy, News
By Daniel Stefanski |
A leading small business advocacy organization has presented several Arizona lawmakers with its top award.
Earlier this summer, the National Federation of Independent Business (NFIB) presented a handful of Arizona legislators with its Guardian of Small Business Award. The individuals recognized with the award were as follows:
- Speaker of the House Ben Toma
- Representative David Livingston
- Representative Travis Grantham
- Senate President Warren Petersen
- Senator J.D. Mesnard
- Senator T.J. Shope
“These six lawmakers have gone above and beyond on behalf of Main Street Arizonans,” NFIB State Director Chad Heinrich said. “In this difficult economy, where costs continue to go up and open positions remain unfilled, it’s incumbent on lawmakers to not make it more difficult to own and operate a small business here in Arizona. Our members are grateful for each of these lawmakers’ commitment to free enterprise and sound policy.”
NFIB presented the award to Petersen in August.
NFIB presented the award to Shope in August.
NFIB presented the award to Mesnard in August.
NFIB presented the award to Toma earlier this month.
Toma responded to the award, stating, “Thank you. It is a great honor to be recognized by those dedicated to protecting and promoting small businesses.”
According to its website, “NFIB is the voice of small business, advocating on behalf of America’s small and independent business owners, both in Washington, D.C., and in all 50 state capitals. NFIB is nonprofit, nonpartisan, and member-driven. Since our founding in 1943, NFIB has been exclusively dedicated to small and independent businesses, and remains so today.”
Daniel Stefanski is a reporter for AZ Free News. You can send him news tips using this link.
by Daniel Stefanski | Sep 23, 2024 | Economy, News
By Daniel Stefanski |
Dozens of Arizona Republicans running for the state legislature received endorsements from a key organization for their support of small businesses.
Late last month, the National Federation for Independent Business Arizona PAC endorsed 51 individuals for their General Election races in the upcoming November contests.
“Locally-owned businesses are the foundation of our state’s economy, creating good-paying jobs and thriving communities,” NFIB State Director Chad Heinrich said. “A recent NFIB survey found that inflation and health care costs are taking a serious toll on our small business owners. These candidates understand the challenges small business owners face and support policies that will make it easier to do business in our state.
Heinrich added, “On behalf of our small business owner members, I’m proud to announce these endorsements for the 2024 general election, and ask all Arizonans to support these pro-small business candidates.”
Senator J.D. Mesnard, one of the Republicans who received an endorsement, said, “I’m proud to have been among a small group of Arizona legislators to receive the Guardian of Small Business Award from the National Federation of Independent Business (NFIB), the state’s leading small business advocacy organization. My colleagues, President Petersen and Senator Shope, also received this award for their work. NFIB holds legislators accountable for the way they vote on important small business issues. I believe that state government should follow the same financial guidelines that any responsible individual or family would follow: spend only what’s necessary, don’t rack up debt, invest in your learning, save for the future, and when times get tough, find responsible ways to trim. We should also create and protect policies that allow small businesses to thrive in our state. I have always voted on legislation with those beliefs in mind. This session, I received a 100% on the NFIB Arizona voting record.”
The NFIB endorsements are as follows:
Endorsed candidates:
Senate
District 01 Mark Finchem
District 02 Shawnna Bolick
District 03 John Kavanagh
District 04 Carine Werner
District 07 Wendy Rogers
District 10 David Farnsworth
District 13 J.D. Mesnard
District 14 Warren Petersen
District 15 Jake Hoffman
District 16 T.J. Shope
District 17 Vince Leach
District 19 David Gowan
District 25 Tim Dunn
District 27 Kevin Payne
District 28 Frank Carroll
District 29 Janae Shamp
House
District 01 Selina Bliss
District 01 Quang Nguyen
District 02 Ari Bradshaw
District 02 Justin Wilmeth
District 03 Joseph Chaplik
District 03 Alexander Kolodin
District 04 Pamela Carter
District 04 Matt Gress
District 07 Walt Blackman
District 07 David Marshall
District 09 Kylie Barber
District 10 Justin Olson
District 13 Jeff Weninger
District 13 Julie Willoughby
District 14 Laurin Hendrix
District 14 Khyl Powell
District 15 Neal Carter
District 15 Michael Way
District 16 Chris Lopez
District 16 Teresa Martinez
District 17 Rachel Jones
District 17 Cory McGarr
District 19 Lupe Diaz
District 19 Gail Griffin
District 23 Michele Peña
District 25 Michael Carbone
District 25 Nick Kupper
District 27 Lisa Fink
District 27 Tony Rivero
District 28 Beverly Pingerelli
District 28 David Livingston
District 29 Steve Montenegro
District 29 James Taylor
District 30 Leo Biasiucci
District 30 John Gillette
Daniel Stefanski is a reporter for AZ Free News. You can send him news tips using this link.
by Daniel Stefanski | Aug 9, 2023 | Economy, News
By Daniel Stefanski |
There continues to be a level of optimistic caution from small businesses across the United States as owners weather the current economic environment. On Tuesday, the National Federation of Independent Business (NFIB) released its monthly Small Business Optimism Index, showing an increase of 0.9 of a point in July 2023. That index now sits at 91.9, which, according to NFIB, is the “19th consecutive month below the 49-year average of 98.”
NFIB Chief Economist Bill Dunkelberg issued the following statement in conjunction with the report, saying, “With small business owners’ views about future sales growth and business conditions dismal, owners want to hire and make money now from solid consumer spending. Inflation has eased slightly on Main Street, but difficulty hiring remains a top business concern.”
Additionally, the NFIB State Director for Arizona, Chad Heinrich, shared his own thoughts on the new data, writing, “With the state legislature finally adjourned from its regular session, small business owners can continue focusing on operating their businesses without worry of new costly mandates or higher taxes coming from our state government. We are thankful for the pro-small-business legislators willing to stand against job-killing tax increases and regulatory mandates on our small businesses in Arizona.”
The national business organization highlighted some of the findings uncovered by its newly revealed report, including that “owners expecting better business conditions over the next six months improved 10 points from June to a net negative 30%, 31 percentage points better than last June’s reading of a net negative 61% – which is the highest reading since August 2021 but historically very negative;” that “forty-two percent of owners reported job openings that were hard to fill, unchanged from June, but remaining historically very high;” that “the net percent of owners raising average selling prices decreased four points to a net 25% seasonally adjusted, still a very inflationary level but trending down – which is the lowest reading since January 2021;” and that “the net percent of owners who expect real sales to be higher improved two points from June to a net negative 12%, a very pessimistic perspective.”
This NFIB Small Business Optimism Index has only climbed above 100 two times since President Joe Biden walked into the White House in January 2021. During the Trump administration, the Index sat over 100 for most months during the four years of his presidency – with declines during 2020 when COVID-19 decimated the health and structure of businesses around the nation. Earlier this month, President Biden touted his economic record, tweeting, “13.4 million jobs have been added to our economy on my watch. More than any other president in a full 4-year term, and heartening that our economic agenda is creating opportunity for working for families.”
The president also boasted of his policies giving a much-needed boost to the American economy, writing, “We have the lowest rate of inflation among the G7, down two thirds from its peak. That’s Bidenomics: growing the economy by creating jobs, lowering costs for hardworking families, and making smart investments in America.”
Twitter added a note from readers on this tweet from Biden, providing context to the information shared by the president. The note read: “According to a report released on July 4, 2023, Japan had the lowest inflation rate among the G7 countries in May of that year. The year-on-year inflation for the G7 as a whole fell to 4.6%, with Japan’s rate specifically registering below 3.5%.”
Daniel Stefanski is a reporter for AZ Free News. You can send him news tips using this link.
by Terri Jo Neff | Aug 9, 2022 | Economy, News
By Terri Jo Neff |
The Arizona Chamber of Commerce and Industry is hoping the U.S. House of Representatives takes a hard look at H.R. 5376, which was formerly known as the Build Back Better Act until being recently rechristened as the Inflation Reduction Act of 2022.
“Arizona job creators oppose the vast majority of the provisions in this bill,” Chamber CEO Danny Seiden said Sunday after the U.S. Senate passed the legislation on party lines. “This bill will not reduce inflation and it will not make the U.S. economy more competitive. Renaming a massive tax and spending bill the Inflation Reduction Act does not improve it.”
Seiden says Sen. Kyrsten Sinema met with Arizona business stakeholders to hear their concerns and did help blunt some of the more harmful provisions, especially those which impact manufacturing businesses already doubly hit by inflation and supply chain disruptions
He also acknowledged there are a few beneficial elements of H.R. 5376 such as provisions which encourage continued business investment and provide significant drought resiliency funding to promote a water secure future.
But despite some of “positive aspects,” Seiden insists H.R. 5376 leaves much to be desired. Which is why he and other state business leaders are calling on Arizona’s nine Representatives to take a closer look at the bill in advance of an expected Aug. 12 vote.
“With the bill headed to the House, we would encourage the Arizona delegation to consider the legislation’s negative effect on Arizona jobs,” Seiden said, adding that that renaming the unpopular Build Back Better Act does not improve the fact the legislation is a massive tax and spending bill.
The legislation is estimated to raise $740 billion in additional revenue from new taxes as well as more enforcement of existing tax laws. It also authorizes $430 billion in new spending, although a more thorough analysis by the Congressional Budget Office has not been completed.
One thing the CBO already knows, U.S. Senator Bernie Sanders said on the Senate Floor, is that what he labeled the “so-called” Inflation Reduction Act will have “a minimal impact on inflation.”
The CEO of the National Association of Manufacturers also expressed disappointment with H.R. 5376. According to Jay Timmons, the Inflation Reduction Act will stifle manufacturing investment in America, undermining the very businesses which kept America’s economy afloat during the COVID-19 pandemic.
“To be sure, (the bill) was worse before Sen. Sinema worked to protect some areas of manufacturing investment,” Timmons said. “But the final bill is still bad policy and will harm our ability to compete in a global economy.”
Also speaking out against H.R. 5376 is the Pharmaceutical Research and Manufacturers of America, whose members will be directly impacted by Medicare drug price controls included in the legislation.
“They say they’re fighting inflation, but the Biden administration’s own data show that prescription medicines are not fueling inflation,” said PhRMA CEO Stephen Ubl. “And they say the bill won’t harm innovation, but various experts, biotech investors and patient advocates agree that this bill will lead to fewer new cures and treatments for patients battling cancer, Alzheimer’s and other diseases.”
by Terri Jo Neff | Jul 13, 2022 | Economy, News
By Terri Jo Neff |
The number of small business owners across America who expect business conditions to improve over the next six months dropped considerably in June, hitting the lowest level in the 48 years the National Federation of Independent Business has conducted the survey.
That was the dismal news released Tuesday by Chad Heinrich, NFIB’s state director for Arizona.
“With small-business-owner expectations dimming to a record low, it becomes even more important that we have state leaders focused on ways to improve business conditions for the small-business owner,” Heinrich said. “All Arizonans have benefited from state legislative and executive leaders who have adopted pro-small-business policies year-after-year.”
Heinrich’s statement drew attention to the NFIB’s Small Business Optimism Index for June which showed a drop for the sixth consecutive month. That means the expectations of small business owners for better conditions have worsened every month of 2022.
NFIB Chief Economist Bill Dunkelberg also addressed the pessimistic news revealed by the Small Business Optimism Index.
“On top of the immediate challenges facing small business owners including inflation and worker shortages, the outlook for economic policy is not encouraging either as policy talks have shifted to tax increases and more regulations,” Dunkelberg said.
Among the key findings in Tuesday’s report is that 50 percent of small business owners reported job openings that could not be filled, a historically “very high” rating. Of those hiring or trying to hire, 94 percent reported few or no qualified applicants for the positions they were trying to fill.
Even one bit of good news in Tuesday’s report wasn’t all that positive. According to NFIB’s Small Business Optimism Index, the net percent of owners raising their average selling prices decreased three points. However, the decrease comes after May’s record high reporting of price increases.
Heinrich advised that Arizonans cannot rest on the successes that have kept the state at or near the top of post-pandemic economic gains.
“We must continue to support leaders who understand that most new jobs are created by small business owners,” he said. “Small businesses drive the Arizona economy forward.”
The NFIB Research Center has collected Small Business Economic Trends data with quarterly surveys since the 4th quarter of 1973 and monthly surveys since 1986. Survey respondents are randomly drawn from NFIB’s membership.
