BAKERSFIELD, Calif. (KERO) — Entrepreneurship is booming in the United States, especially in the wake of the pandemic. Tom Sullivan, Vice President of Small Business Policy at the US Chamber of Commerce had an in-depth discussion with 23ABC News about how small business growth drives the US economy and the impact of inflation on that growth.
“I mean, not just getting out of it, but we have data from a quarterly survey that we do with our partners MetLife that shows that small business owners themselves are doing pretty well,” Sullivan said. “Now that optimism and that good news turns a little negative when you start asking small business owners, ‘How are things looking nationally,’ and that’s when they turn south, and that has a lot to do with high inflation.” “
According to Sullivan, inflation has topped the list of concerns for small business owners for the past five quarters, but that entrepreneurs are catching on.
“There’s this armor they have on; ‘I can get through the recession. I can get through covid. I can get through high inflation,'” Sullivan said.
The American Chamber of Commerce is one of the largest nonprofit groups that advocates for both large and small businesses across the country. Right now, the chamber is seeking to award one small business as America’s Top Small Business of 2023. The chamber is accepting applications online through Friday, July 7, and the winner will receive $25,000 in cash. Apply online at the USCoC website.
To support small businesses locally, the Greater Bakersfield Chamber of Commerce is reviving its Shop Local, Shop Now campaign just in time for Mother’s Day. The Chamber hopes to promote gifts for mothers that promote health and wellness while supporting local businesses.
Shoppers can find participating stores on the GBCoCs Buy local, shop now website.
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