As National Small Business Week approaches, hiring is slowing in parts of the economy at the exact moment growth should be accelerating. Incentives are in place. Demand is holding in key sectors. But growth is not breaking through at the pace the economy requires. The issue is not a lack of opportunity. It is the inability to act on it at speed.
An end to the war would ease pressure on costs, but the trajectory of growth will be determined by something more fundamental: whether businesses can cut through regulatory complexity, access capital, and move at the speed the economy demands.
The Trump administration improved incentives for small business investment through policies such as full expensing and regulatory streamlining. The priority now is to remove the remaining barriers that are slowing execution.
Small businesses account for 99.9% of U.S. firms and create roughly two-thirds of net new jobs, according to the U.S. Small Business Administration. They are not a segment of the economy. They are a primary engine of growth. When they move, the economy grows. When they hesitate, it slows.
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