Small business owners across the nation are showing renewed confidence in the economy, according to CNBC’s latest Small Business Survey, coinciding with the implementation of President Donald J. Trump’s landmark One Big Beautiful Bill and his broader pro-growth policies.
The survey reveals a significant upswing in optimism:
- Nearly half of small business owners now rate the economy as “excellent” or “good,” a sharp increase from 30% last quarter.
- Over 50% expect revenue growth in the coming year, up 10% from the previous quarter, with more owners describing their current business conditions as favorable.
- The impact of tariffs on small businesses is declining, with fewer owners reporting past or expected negative effects.
- There is a notable drop in the number of business owners who believe government regulations, tax policies, and trade policies will hurt their operations.
- Approval of President Trump’s job performance among small business owners has jumped to nearly 60%, with positive sentiment rising across political lines.
SurveyMonkey analyst Sam Gutierrez highlighted the bipartisan nature of the optimism: “Small business owners who identify as Democrats report the largest increase in sentiment. They are much more optimistic about business conditions compared with the previous quarter.”
This surge in small business confidence underscores the perceived impact of recent economic policies aimed at fostering growth, reducing regulatory burdens, and improving trade conditions, all contributing to a more favorable environment for America’s entrepreneurs.
