Washington, D.C. (May 13, 2022)—Today, the Job Creators Network Foundation (JCNF) released its April Small Business IQ Poll of 500 small business owners. The Small Business Intelligence Quotient (SBIQ), an index tracking overall small business optimism about the economy, ticked down by 0.7-points compared to the previous month. The indicator continues to be depressed as high inflation remains the biggest concern among small business owners.
Additionally, only 27 percent of small businesses view the current condition of the U.S. economy as either “good” or “excellent”—the lowest reading in this area since the poll began in May 2021. Parsing out the data by employment level, small businesses with fewer than 20 workers have the gloomiest view.
Other key takeaways include:
View more polling details and crosstabs here.
Elaine Parker, President of the Job Creators Network Foundation, released the following statement:
“While the Biden administration is touting a ‘small business boom’ and misdirecting the public, our polling shows without a doubt that Main Street is suffering. Small businesses are having a difficult time grappling with persistently high inflation, disruptive supply chain problems, and labor shortages—not to mention the threat of higher taxes and government red tape. It’s time for the White House to stop playing the blame game and take some responsibility.”
Strongly Agree
|
52% |
Somewhat Agree
|
38% |
Disagree
|
7% |
Unsure
|
3% |
Strongly Support
|
47% |
Somewhat Support
|
31% |
Somewhat Oppose
|
10% |
Strongly Oppose
|
3% |
Unsure
|
8% |
Yes, Already Made
|
25% |
Yes, Anticipate Making
|
32% |
No
|
36% |
Very Concerned
|
15% |
Somewhat Concerned
|
42% |
Not that Concerned
|
25% |
Not Concerned at All
|
15% |
Strongly Support
|
51% |
Somewhat Support
|
26% |
Somewhat Oppose
|
11% |
Strongly Oppose
|
5% |
Unsure
|
7% |
Support
|
78% |
Oppose
|
13% |
Unsure
|
9% |
Yes
|
78% |
No
|
15% |
Yes
|
59% |
No
|
32% |
Unsure
|
8% |
Yes
|
19% |
No
|
67% |
Unsure
|
14% |
Yes
|
14% |
No
|
69% |
Unsure
|
17% |
Hurt
|
61% |
Help
|
17% |
No Impact
|
15% |