As we navigate another quarter in the ever-evolving landscape of business, I want to take a moment to share some insights that directly impact our local economy and the businesses that drive it. The numbers tell a compelling story, one of resilience, challenges and opportunities that define today’s small business experience.
Nationally, optimism among small business owners has dipped slightly, with only 29% feeling positive about the country’s economic health — a slight decline from last quarter. Closer to home, 37% of business owners feel confident in our local economy, reflecting a one-point drop from the previous quarter at the same time last year. While these shifts may seem subtle, they underscore the headwinds we continue to face, particularly with inflation (58%) and revenue concerns (35%) topping the list of challenges.
Despite these hurdles, the entrepreneurial spirit remains strong. Sixty-three percent of small businesses are confident in their own health and, while this is a decline from last quarter, it’s clear that adaptability is key. Hiring trends reflect this balance, with 20% of businesses expanding their workforce in the past year, even as they navigate economic uncertainty.
These numbers come from a recent survey from the US Chamber in conjunction with MetLife.
If you’d like to share your experience navigating the 2025 business landscape, email our amazing team Chandler Chamber of Commerce.
Terri Kimble, President & CEO of the Chandler Chamber of Commerce
