North Carolina: Can pro-business tax reform boost optimism in the Tar Heel State?
- North Carolina ranks #25 nationally in small business optimism and #16 in hiring intent
- Proposed state tax reform could give local businesses a boost
- Read our full report about N.C. merchants’ reasons for optimism, top worries, and thoughts about key policies that affect business
North Carolina sits smack-dab in the middle of the national optimism scale for small business, but the Tar Heel State’s recent budget proposal may nudge up the sentiment. The proposals would, among other things, reduce the personal and corporate income tax rates, cut certain aspects of the franchise tax, and allocate $4 million for local revitalization grants.
That’s good news for North Carolina’s local businesses, which listed tax reform as the top policy area they want changed, according to a new survey by Womply. Our report also found that North Carolina ranks #25 nationally for small business optimism, with 5 optimists for every pessimist, and #16 for hiring intent, with 26% of local businesses planning to add staff this year.
The report outlines a broad view of the state of small business in North Carolina, including reasons for optimism and pessimism, top worries keeping owners up at night, and opinions about how policy issues like taxes, healthcare, immigration, and overtime impact business on Main Street. Read our full report below.
Did you enjoy “North Carolina: Can pro-business tax reform boost optimism in the Tar Heel State?”? Get your free 15-minute demo and see why Womply is the #1 marketing and CRM software solution used by over 450,000+ businesses and counting! Request a free demo of our reputation management software by completing the demo request form below.
Learn how businesses that use Womply:
Earn 20% more revenue
Get 22% more repeat customer visits
Save 10 hours per week, on average
By submitting this form you agree to Womply’s Services Agreement
Learn more about Womply
Womply Product Overview - Reputation Management, CRM, Email Marketing for Small Business.