Local Small Businesses Continue to Suffer Under Trump and His Cost-Spiking Republicans, Forcing Them to Raise Prices on Families and Cut Jobs for Workers

According to new data released today by The National Federation of Independent Business, small businesses throughout America continue to suffer under Donald Trump and his cost-spiking Republicans. With everything — from food and utilities to gas and building materials — becoming more expensive under Trump, the share of small businesses who plan to raise their prices has hit the highest level in years. In fact, more than a third of small business owners reported raising prices last month, the highest since 2023. Additionally, the share of small business owners who plan to invest in their communities by creating new jobs fell to the lowest level in six years. While Main Street is suffering and left to fight for scraps, Wall Street and billionaires continue to rack up handouts from the Trump administration. 

Here’s a look at what’s happening in states across the country as uncertainty for local small business owners continues to rise and the measure of their optimism falls further below its 52-year average:  

  • In Virginia: CNN: ‘I am trying to stay alive.’ Jobs at mom-and-pop shops are disappearing
  • In Delaware: Yahoo Finance: ‘It’s hard work to make nothing’: Small businesses struggle with declining profits as gas, shipping prices rise
  • Nationwide: Daily Beast: Mom-and-pop businesses hit by brutal job losses under Trump 
  • Nationwide: Axios: Iran war hits small business hard
  • Nationwide: Forbes: As Corporate Profits Surge, America’s Small Businesses Get Left Behind
  • In Alabama: Alabama Political Reporter: Small business hiring slows as labor costs hit record
  • In California: Fox Business: California business owners ‘working for peanuts’ as costs, record gas prices and regulations devour profits
  • In Colorado: ColoradoBiz: Small business job openings fall to lowest level since 2020 in Colorado 
  • In Florida: News4Jax: Small business owners cite economy, rising costs as they close doors in Northwest Jacksonville
  • In Georgia: WABE: Inflation continues to eat away at the profits of small businesses
  • In Wisconsin: Wisconsin Examiner: The affordability crisis doesn’t stop at the kitchen table. It’s hitting small business, too. 

# # #