With The Weight Of The Employer Mandate Temporarily Gone, Small Businesses Are Eyeing Expansion
The Wall Street Journal: Pivoting From Insurance
Many small businesses are eyeing expansion—at least temporarily—now that penalties under the Affordable Care Act's employer mandate have been delayed for a year. Nearly a quarter, or 24.4%, of small-business owners affected by the delay said they will invest in equipment or facilities with money that would otherwise have gone into complying with the health-care law, according to July's Wall Street Journal/Vistage Small Business CEO Survey. An additional 16% of small companies plan to hire new employees, 15% expect to provide raises or other benefits for their workers and 3% are planning to lower prices to gain a competitive edge (Janofsky, 7/31).