Texas Small Business Optimism Reaches All Time High

If you see a man or woman wearing a big smile, chances are that person owns a small business in Texas, News Radio 1200 WOAI reports.

A survey released today by the Texas chapter of the National Federation of Independent Business  says the Small Business Optimism Index is at its highest level today in the 45 year history of the study.

April is the 17th straight month of historically high readings when it comes to statistics ranging from positive profit trend to a record low number of business owners saying that conditions are 'poor.'

"We are definitely seeing that happening in Texas," Texas NFIB Executive Director Will Newton said.

The study says the optimism that small business owners and operators have about the future of the economy is now translating into investments in new technology, higher wages, and new job creation.  The NFIB says businesses would not be making that level of investment if they were not convinced that the positive conditions will continue.

They cited gains in productivity, stronger sales, and the newly implemented federal tax law.

"There is no question that small busienss is booming," said AFIB Chief Economist Bill Dunkelberg.  "Consumer spending, the new tax law, and lower regulatory barriers are all supporting the surge in optimism across all small business industry sectors."

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