Press Releases

Chairman Chabot Highlights 15-Year High for Small Business Optimism

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Washington, December 4, 2018 | comments

WASHINGTON – Today, the latest quarterly Wells Fargo/Gallup Small Business Index was released, indicating a significant jump of optimism among small business owners and the highest score in the survey’s 15-year history.

Upon the release of this report, Chairman Chabot (R-OH) said:

“Small business owners are experiencing the positive effects of our booming economy, with indicators for a hopeful future ahead. With small business optimism reaching historic highs, our policies are not only helping small business owners, they are bringing more people into the job market. Easier access to credit means more growth and more jobs. I look forward to this momentum continuing as small business owners and entrepreneurs gear up for a new year.”

The Wells Fargo/Gallup Small Business Index showed:

  • 80 percent of respondents regarded their financial situation as very good or somewhat good.
  • 55 percent of respondents recorded increases in revenue for their small businesses.
  • 27 percent of small business owners say over the past 12 months, the number of jobs in their company has increased.
  • 47 percent of companies found it somewhat or very easy to obtain credit.
For the full Wells Fargo/Gallup Small Business Index, click here.
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