Wed. Sep 30th, 2020

The economy may be good for small business owners – if they’re Republican | Gene Marks

The Small Business Confidence Index found most owners were happy with the current conditions – but 68% of the businesses were owned by Republicans

How good is the current economy for today’s small business owners? The answer to that question has less to do with revenues and profits and more to do with what political party they support.

That’s the conclusion of a report released this week from CNBC and SurveyMonkey. Their quarterly Small Business Confidence Index found that most small business owners were happy with the current economic conditions. But the devil’s in the details. When broken down, the numbers showed that most of those small businesses that were happy with the economy are actually owned by Republicans (68%). Only 34% of small businesses owned by those affiliating with the Democratic party said that the economy was good.

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