The Small Business Rundown podcast recently featured an episode discussing the impact of election results on small businesses. The episode included insights from NFIB political experts Tim Goodrich and Sharon Sussin.

Tim Goodrich, NFIB’s Vice President of State Government Relations, emphasized the importance of having individuals in government who understand the challenges faced by small businesses. "When we come in as NFIB, our state directors go and lobby, and they’re the voice of our members. It’s always helpful to have somebody they’re talking to that has run a small business and can talk about the impact of regulations or the impact of a new labor law. It makes the conversation easier," he said.

The podcast covered various topics including the influence of small business owners getting elected to office and taking on roles in state government. Sharon Sussin, NFIB’s Senior National Political Director, elaborated on NFIB's endorsement process and how endorsed candidates performed during this election cycle. She highlighted the significance of small business owners running for office to advocate for their interests.

Goodrich discussed significant ballot measures and how NFIB engaged with certain initiatives that could affect small businesses nationwide. He also shared his expectations for state-specific issues such as minimum wage, energy policies, and taxes.

Small businesses are optimistic that recent election outcomes might help reduce inflation. This sentiment is supported by The Wall Street Journal's observation connecting it to an eight-point rise in NFIB’s November Optimism Index—the highest since June 2021. While other factors may be influencing this optimism, Goodrich noted some unexpected victories that could shape economic conditions favorably for small businesses.

Listeners interested in further details can tune into the fiftieth episode titled "Small Business Electoral Wins & Legislative Outlook" for more insights into these developments.