Small business owners’ confidence in the economy and the federal government fell to an all-time low during the recent government shutdown, according to a survey by the Wall Street Journal and Vistage International.

Quote:

Beltway battles are taking a toll on small-business owners, like Andy Vabulas, whose confidence in the economy fell to a nine-month low in October. The biggest drop in confidence in October was reported by small federal contractors, including many whose income was cutoff during the two-week government shutdown. Among these firms, the confidence index fell to 89.4, compared with 99.1 among firms that didn’t do business with the federal government.┬áMr. Vabulas, whose firm has 104 employees and $24 million in annual revenue, says weak spending at other companies has had a direct impact on his own: “If others cut back, we have to cut back, too.”

See Full Story: “Federal Woes Faze Small Business Owners” (WSJ.com)

(Featured photo: on Flickr via Pierre Pouliquin)

 

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