May 17, 2019 – Visa’s proprietary small business health indexes and a nation-wide survey of small business owners indicate a bright outlook for small businesses and small business credit cards. This year started with the government shutdown, trade wars and other economic concerns. However, small businesses reported stability across all facets of their businesses—no change to their number of employees (four out of five businesses), unchanged expansion plans (two-thirds of small businesses), and no impact from the government shutdown (85 percent of small businesses).
“Small businesses continue to power the economy. While there was some reduction in the number of small businesses expanding, small business conditions remain robust and small businesses continue to forge ahead,” said Wayne Best, Visa Chief Economist.