January Business Matters – Submit Your Content
Submit your content for the January 2025 edition of Business Matters!
The Columbia Montour Chamber is pleased to continue its partnership with the Press Enterprise for Business Matters, a quarterly print tab publication distributed to the newspaper's online and print readership.
How does the partnership work? Chamber members are invited to work directly with the Chamber to submit stories and member updates at no charge, and the Chamber will assemble that content. The Press Enterprise handles the rest, offsetting distribution and printing costs with ads made by Chamber members.
As we gear up for our upcoming 1st quarter Business Matters edition, we're excited to invite you to contribute and showcase your business to the local community. We eagerly welcome articles, success stories, and any other content that can spotlight your business achievements, milestones, or industry expertise.
January 3rd, 2025 is the deadline for content submissions ahead of the January publication. Interested in advertising? Please reach out to Michelle Boone at the Press Enterprise to place an advertisement. Don't miss the chance to advertise to this wide audience.
Submit content to the Chamber by emailing stories, pictures, and testimonials here.
2025 Economic Preview: A Year of Productivity-Driven Growth
Source: U.S. Chamber of Commerce
Author: Curtis Dubay, Chief Economist, U.S. Chamber of Commerce
Barring an unforeseeable event, the economy should grow even better in 2025 than it did in 2023 and 2024, which means a growth rate above 3% with the gains being broadly enjoyed. This will contribute to more opportunities for workers and businesses to reach their American Dream.
As 2024 winds down, the economy is growing strongly.
The economy expanded at 3% and 2.8% in the second and third quarters, respectively, and it is tracking to grow over 3% for the fourth quarter. If that holds, the economy will grow around 3% again in 2024.
Most other countries, including those that are highly developed and industrialized, are growing slower than the U.S. economy. They would love to get even close to a 3% growth rate.
Why Growth Matters
What’s more, this type of sustained growth creates opportunities for increased investment, wages, and opportunities for American businesses and workers. That’s why the Chamber is calling for a national priority for growth, driven by people through innovation and productivity and fostered through sound public policy that will help us reach and sustain 3% annual real economic growth.
- When our economy is growing at 3%, someone who is born today will see America’s economy double in size by the time they are in their early 20s.
- At 2% growth, it will take until they are in their mid-30s for the economy to double.
How Jobs and Consumer Spending Have Spurred Economic Growth
The growth we’ve seen in the last few years has been driven by consumer spending. Consumers are fueling their buying from their wages, which have grown faster than inflation since the middle of 2023. This has allowed them to spend above still-high inflation.
Consumers can earn strong wages because the U.S. has a worker shortage that pushes wages up as businesses compete to attract and retain workers.
America’s aging population is one factor contributing to the worker shortage. Older Americans are aging out of the workforce and retiring, while younger generations are having fewer children. Plus, the labor force participation rate has been trending downward for more than 20 years. These trends are contributing to a shrinking workforce.
In fact, we are in an unprecedented situation where the number of job openings is greater than the number of available workers in the economy. As of the end of October, the latest available date, there were 760,000 more job openings and available workers. Before the COVID pandemic, there were always more unemployed workers than job openings. That has flipped now and will likely remain the case for the foreseeable future.
As long as businesses remain short of workers, jobs will remain plentiful and pay well. This will allow consumers to spend at a high level.
This virtuous cycle can continue as long as the worker shortage remains. And there is no relief in sight, either from increased immigration or higher birth rates.
Productivity Will Drive Growth in 2025
Looking to 2025, labor market conditions alone will cause the economy to grow as strongly as it has in the last few years. However, we expect it to grow even stronger.
One part is inflation will continue to fall to the Fed’s 2% target rate, which will bring down interest rates.
But the key to faster economic growth will come from productivity gains.
Productivity–producing more goods and services with the same amount of labor and capital–is the glue that holds together the virtuous cycle of economic progress. Businesses can only hire workers if those workers make the business money. Sharply improved worker productivity helps companies afford the higher wages workers are earning.
Additionally, employee pay has risen sharply enough in the U.S. that it has grown at roughly the same pace as increasing productivity. This means that businesses still have reason to bring them on board and keep them, even if it is by a narrow margin.
Productivity was declining in the years immediately after the pandemic. Since the beginning of 2023, it has been rising, growing close to or above 3% each quarter.
The jump in productivity is largely a U.S. phenomenon, and we are far outpacing other developed countries.
Christine Legarde, the head of the European Central Bank (Europe’s Fed) said recently that “productivity in the European economic zone has increased 0.6% since the end of COVID. It has increased 6% in the U.S.”
While no one knows the exact cause of the rise in productivity, there are a few main drivers.
- Reskilling and Worker Shortages: Productivity gains have come from workers moving into more value-adding positions, either because they reskilled during the pandemic or businesses are hiring them even if they don’t have all the required skills for the position.
- Immigration: The influx of workers via legal immigration has contributed to increased productivity because we were so short of workers in the aftermath of COVID.
- Automation: Automation and mechanization are paying big productivity dividends as well.
AI to Contribute to Boost in Productivity
Gains from artificial intelligence (AI) could cause productivity to soar above expectations next year.
The surge in productivity in the last few years pre-dates the introduction of AI. While we have had years to integrate automation technology and are finally seeing the economic gains from that evolution, the economic efficiency brought on by AI hasn’t really kicked off yet.
In 2025, we can expect businesses across the economy to better integrate AI into their processes. They are going to have no other choice because they will remain short of workers.
AI will make their current workers more productive than they already are. This will boost growth even further and allow businesses to continue paying high wages, all while expanding their profit margins (as long as wage gain remains at current levels). That’s a win-win-win.
About the Author: Curtis Dubay is Chief Economist, Economic Policy Division at the U.S. Chamber of Commerce. He heads the Chamber’s research on the U.S. and global economies.
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The Columbia Montour Chamber of Commerce (CMCC) is a proud, 80-year member of the U.S. Chamber of Commerce which represents local employers in support of vibrant, sustainable communities in Columbia and Montour Counties. The CMCC works closely with the U.S. Chamber to advocate on behalf of its members.
Member News ~ December 26, 2024
Critical Update: Corporate Transparency Act (CTA) Beneficial Ownership Information (BOI)
On December 23, 2024, the Fifth Circuit Court of Appeals lifted the nationwide injunction on the CTA BOI, allowing its enforcement to proceed. This ruling means that businesses must now comply with the CTA's requirements, which means registering BOI with the Financial Crimes Enforcement Network (FinCEN) by updated deadlines. Read more.
Montour Preserve to Host First-Day Hike
Low Income Home Energy Assistance Program (LIHEAP) is Now Open
LIHEAP is open every heating season between November and April. Pennsylvania’s Low-Income Home Energy Assistance Program (LIHEAP) offers energy assistance grants to income-qualified customers. You do not have to have an unpaid bill to receive these grants. Learn more about LIHEAP guidelines and qualifications via UGI here, or by contacting your local county assistance office.
Berwick Area YMCA Offering Free Adult Land and Water Classes Until January 4
Programs for adult land classes and adult swim classes are free and open to the public for a limited time.
Geisinger Executive Honored as a "CNO to Know"
Congratulations to Janet Tomcavage, MSN, RN, Geisinger's Executive Vice President and Chief Nursing Executive, who was named to Becker's Hospital Review as a CNO to Know. Read more
American Red Cross Reports Volunteer Impact
In 2024, the American Red Cross of Greater Pennsylvania rallied together to make a difference in countless lives. They've shared that 3,400 people volunteered to do the following:
- Responded to more than 1,200 home fires and helped more than 5,000 people after disasters
- Hosted more than 4,700 blood drives, collecting more than 106,000 blood donations
- Provided more than 5,000 services to military members, veterans and their families
- Trained more than 100,000 people with first aid, CPR and AED training
Looking for a Good Read?
The latest edition of PA Health Magazine is filled with heartwarming stories of transformational journeys, resilience, and a thriving community that inspires with stories of heroes, innovative medical procedures, and more, from Geisinger.
Zimmer Insurance Offers Advice - Fast Fix: How to Defog Your Windshield
Maintaining good visibility is one of the most important elements of safe driving. That means paying extra-close attention to your windshield by replacing worn wipers to combat rainstorms and clearing away ice and snow in the winter. Learn more about quick tips and tricks, here, or by checking out the video below!
Did You Miss Last Week's Member News? Here's News That's Still Timely
Community Giving Foundation Announces 2025 Grantround Update
Community Giving Foundation will launch a simplified and shortened grant application in 2025 to make the process more efficient and effective for everyone. The application period for the 2025 grant round will open on January 2, 2025, and close on February 28, 2025. Please visit the Foundation's grant website for more information.
Wilkes SBDC Asks - Is your small business ready for winter weather?
The first day of winter is this Saturday, and with it comes the potential for severe weather that could impact your business. From power outages to supply chain delays, preparation is key to staying ahead. Here's a guide from the U.S. Small Business Administration.
UGI Offers Meter Safety Tips for Snowy Weather
As a reminder, don’t allow snow to cover your gas meter or its pressure regulator. Gently dust off the snow with a broom or your hand. Don’t use a shovel, as it could damage the meter. If you’re shoveling snow, don’t pile it against the meter or its equipment. The snow could melt and refreeze, causing damage. For more meter safety tips, check out these tips.
Greek Life Making a Comeback at Commonwealth University-Bloomsburg.
After partnering with alumni, students, and national experts, Commonwealth University-Bloomsburg is relaunching Fraternity and Sorority Life with a focus on leadership, connection, and accountability. Read more.
Autoneum Uses Technology to Boost Sustainability on the road to net zero
Learn more about the stunning technology of Autoneum, as they have supported Renault Group in the development of Renault Emblème, a low-carbon demonstration car designed to reduce greenhouse gas emissions by 90 percent over its entire life cycle. As a key project partner, Autoneum further optimized the environmental performance of its sustainable Pure technologies, which were used for numerous components in the vehicle interior and exterior.
Susquehanna Valley United Way Releases 2024 Impact Report
Susquehanna Valley United Way (SVUW) announced the release of its 2024 Impact Report. This year’s report highlights achievements made possible through the combined efforts of nonprofits, for-profits, government agencies, and funders working together to address the region’s most pressing needs. Learn more.
SEDA-COG Shares MPO Trail Demand Report
With advanced trail counter technology, SEDA-COG collects valuable data on our regional trails. This helps track peak usage times, and changes in trail use patterns and provides critical insights for better decision-making. Trail managers, state agencies, conservation groups, and more use this info to shape smarter transportation and recreation investments for everyone to enjoy. Check out the report.
Are you a basketball superfan? Don't forget to vote in the B-Ball SuperFan Contest!
The Press Enterprise invites you to vote every day through December 29 for your favorite local basketball teams!
New Resource For State Grants
The Commonwealth Office of Digital Experience (CODE PA) recently launched a new resource to make it easier for residents, businesses, nonprofits, schools and local governments to find and apply for grants from state agencies. Check it out here.
Are you from Berwick? Fill out the Berwick Blueprint Community Survey
Berwick is inviting residents, business owners, and visitors to offer their opinions on a series of standard perceptual questions about the community. Take the survey here!
Children's Museum Announce January Programs and Events
Check out the programs and events happening at the Bloomsburg Children's Museum in January.
Cash & Carry IX happening through December 29th
The annual show opened with almost 400 pieces by almost 200 artists from nine central Pennsylvania counties including students from Bloomsburg High School and Central Columbia Middle School. Learn more.
Learning To Live Beloved Ministries to hold Gala January 11th
Learning to Live Beloved Ministries will be holding its First Annual Well House Gala on January 11th at the Pine Barn. Learn more.
PACareerlink Offer WEDnet webinar on January 23rd
Register to learn about resources to train your employees.
PPL Electric Utilities Quarterly Newsletter is out now
Check out the newsletter here. Looking for more tips to save energy? Plug your lights into a smart power strip! Don't have one? Win one at the #PPLElectric12Days contest!
LCBC hosting Night to Shine
On Friday, February 7, 2025, LCBC will once again partner with the Tim Tebow Foundation to host Night to Shine, an unforgettable prom night experience for people with special needs. Night to Shine is a worldwide movement that will include special needs proms in 50 states and 7 countries. This is LCBC’s 10th year hosting this unforgettable night in NEPA. Learn more here.
Save the Date - DCDC's Dueling Piano's Returns April 2025
Please stay tuned for details on how you can be a part of this great event!
12/23/24 President’s Message: Two Conversations
This is the story of two conversations, one from August, and one from December 1. May they bless you as they have blessed me, as we celebrate the holidays and the conclusion of a wonderful 2024.
Conversation 1: August
“Chris, did you know that 86% of people on the organ donation waiting list are waiting for kidneys? There are more than 89,000 people on the list waiting for a kidney this year, and they can spend as much as five years on a waitlist.”
“No, I didn’t know that. Wow.”
“Yep. 97% of live-donor kidneys are fully functional, and live donor recipients face less risk of organ rejection. I was with family, and I learned that my cousin needs a kidney. If others in my family aren’t a match, I’d like to get tested, and see if I am.”
“Wow, that’s incredible. You have my full support.”
“We’ll see. There’s like a million things that would have to happen for all of it to come together, but my mind is pretty set.”
The best I could mumble was “Good luck”. I mean, how do you react when someone just pops in to say, “I think I’d like to save somebody’s life.”
The whole chat lasted just a couple of minutes - a few short matter-of-fact sentences and a look of determination in her eye. A calmness passed over her expression when she talked about it the next time, a
nd I knew what that meant. On December 19, after months of tests at various healthcare facilities, this incredible human being, this friend to all, this woman of valor donated a kidney and is on the road to recovery.
Better yet, at the last report, the donated kidney is working perfectly. A life saved.
Conversation 2: December
Running errands one Saturday in December, my nine-year-old asked me, “Daddy, if you could rate the top ten Christmases in your life, what would they be?” Knowing this was likely a setup to get me talking about presents, I paused to reflect and perhaps use this as a clumsy opportunity for a life lesson.
I thought fondly of gifts from my childhood, of the wonder of waking up to a beautiful, yard-blanketing snowfall, and the squeals of my children at Santa’s arrival. I thought of homemade eggnog pie (don’t knock it until you’ve tried it), hot chocolate, and the smell of the smoke from the American Flyer model train encircling the tree. I remembered departed loved ones, and recalled feasting, worship, charity, and ‘goodwill among men’.
I told my son there were too many wonderful holidays worth remembering, and that I couldn’t possibly rate them. Then I remembered my friend and this incredible gift of life that she would be giving. The self-sacrifice, the courage, the living up to her faith.
I said, “Remy, how do you think my friend’s cousin is going to feel when they wake up on Christmas with a working kidney and the gift of life?”
“Pretty awesome, Daddy.”
“I agree. The truth is, while we don’t always see them, heroes are all around us. As they inspire us, we have a chance to be heroe
s to others too, just like this woman was a hero to her cousin. That’s the definition of ‘goodwill to men’, and it is stories like this that inspire me, bud. I guess sometimes I just forget how close to home heroes can be.”
Two days before Christmas and a week before New Year’s, it would be easy for the Chamber newsletter to share about the organization’s accomplishments in 2024, or about what we have to look forward to in 2025. It would be easy to be distracted by political battles, and unfinished business, and to feel the angst of the start of a new year, all of which are generally forgettable.
Instead, I challenge you to think about the heroes in your lives, (especially the unsung ones and the life-saving ones) and to pause for a moment to celebrate them. Remember all the people who made this year incredible in our community, and join me in resolving to fly their banners even higher in 2025.
Wishing you the happiest and most hopeful of holidays!
Sincerely,
Chris Berleth
President, The Columbia Montour Chamber of Commerce
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If you're interested in learning more about the life-saving gift of organ donation, check out local resources in Columbia and Montour Counties, like this one through Geisinger. In addition to what you can learn about the procedure, there are a lot of resources available to living donors and their families too. In November, Geisinger announced this grant from Gift of Life, to help with transportation and housing needs while donating.
2024 Holiday Open House
The Chamber’s 2024 Holiday Open House was another smashing success, thanks to the contributions of our sponsors and volunteers.
As more than 270 guests poured into the Pine Barn Inn, some at the behest of our Angel Sponsor and shuttle service from Susquehanna Valley Limousine, they were greeted by an incredible spread of food, drink, prizes, and fun. As to prizes, the generous offerings of Chamber members amounted to more than $1,100 in value for our drawing, and our door prize from Ponduce Farms was absolutely beautiful. Thanks to all who contributed!
The event’s food offerings featured top-notch selections from our host, The Pine Barn Inn, as well as the samplings of the Chamber’s Angel Sponsors, including the Columbia Montour Area Vocational & Technical School’s culinary arts program, Craft Catering, The Farmhouse at Turkey Hill and Turkey Hill Brewing, Dead Man Walking Distillery, Steph’s Subs, Wild for Salmon, and new this year, Jodi Giger and her games from Joy and Smiles Gifts. Special thanks for the gorgeous flower arrangements from Angel Sponsor Blossoms in Bloom by Megan which adorned our tables and served as centerpieces.
Repeating a tradition that has brought smiles to many, the Chamber once again opened our “Holiday Cheer Bar”, sponsored by M&T Bank, Apollo Point Apartments, and Post Consumer Brands respectively. Guests who came to this complimentary bar (made possible by Freas Farm Winery) generously contributed tips which are to be donated to three area nonprofits. More on that to come, so stay tuned to Chamber publications for photos with our nonprofit recipients!
Throughout the evening, several additional volunteers, namely your Chamber Ambassadors, contributed to the success of the event. They included: Andrew Augustine, Heidi Bolus, Michelle Boone, Sandy Cole, Alison Davis, Sarah Demott, Jack Devine, Lauren Duane, Jeff Emanuel, Renee Gerringer, Ray & Laura Haden, Lisa Hart, Adrienne Mael, Josh Nespoli, Dawn Orzehowski, Amy Shortlidge, Kirby Smith, Aaron Stagliano, Denise Stone, Jamie Walker, and Ruth Wardrop. Additional thanks to photographer Kali Berleth of Cozy B Photography, and videographer Donnie from the Columbia Montour Visitor's Bureau. Deb Sokol, the Chamber's Finance Assistant, Brenda Flanagan, the Chamber's Administrative Assistant, and Chamber Foundation Director Tonya Smith all played key roles in the success of the event.
Thanks for a great evening, stay tuned for more opportunities to connect with members!
Member News ~ December 19, 2024
Community Giving Foundation Announces 2025 Grantround Update
Community Giving Foundation will launch a simplified and shortened grant application in 2025 to make the process more efficient and effective for everyone. The application period for the 2025 grant round will open on January 2, 2025, and close on February 28, 2025. Please visit the Foundation's grant website for more information.
Lisa Holland Celebrates 19th Work Anniversary at McKonly & Asbury
Congratulations Lisa, on 19 years with McKonly & Asbury!
Wilkes SBDC Asks - Is your small business ready for winter weather?
The first day of winter is this Saturday, and with it comes the potential for severe weather that could impact your business. From power outages to supply chain delays, preparation is key to staying ahead. Here's a guide from the U.S. Small Business Administration.
UGI Offers Meter Safety Tips for Snowy Weather
As a reminder, don’t allow snow to cover your gas meter or its pressure regulator. Gently dust off the snow with a broom or your hand. Don’t use a shovel, as it could damage the meter. If you’re shoveling snow, don’t pile it against the meter or its equipment. The snow could melt and refreeze, causing damage. For more meter safety tips, check out these tips.
Greek Life Making a Comeback at Commonwealth University-Bloomsburg.
After partnering with alumni, students, and national experts, Commonwealth University-Bloomsburg is relaunching Fraternity and Sorority Life with a focus on leadership, connection, and accountability. Read more.
Autoneum Uses Technology to Boost Sustainability on the road to net zero
Learn more about the stunning technology of Autoneum, as they have supported Renault Group in the development of Renault Emblème, a low-carbon demonstration car designed to reduce greenhouse gas emissions by 90 percent over its entire life cycle. As a key partner of the project, Autoneum further optimized the environmental performance of its sustainable Pure technologies, which were used for numerous components in the vehicle interior and exterior.
Susquehanna Valley United Way Releases 2024 Impact Report
Susquehanna Valley United Way (SVUW) announced the release of its 2024 Impact Report. This year’s report highlights achievements made possible through the combined efforts of nonprofits, for-profits, government agencies, and funders working together to address the region’s most pressing needs. Learn more.
SEDA-COG Shares MPO Trail Demand Report
With advanced trail counter technology, SEDA-COG is collecting valuable data on our regional trails. This helps track peak usage times, and changes in trail use patterns and provides critical insights for better decision-making. Trail managers, state agencies, conservation groups, and more use this info to shape smarter transportation and recreation investments for everyone to enjoy. Check out the report.
Are you a basketball superfan? Don't forget to vote in the B-Ball SuperFan Contest!
The Press Enterprise invites you to vote every day through December 29 for your favorite local basketball teams!
New Resource For State Grants
The Commonwealth Office of Digital Experience (CODE PA) recently launched a new resource to make it easier for residents, businesses, nonprofits, schools and local governments to find and apply for grants from state agencies. Check it out here.
Central Susquehanna Opportunities Inc. administrator receives award
Stacie Snyder, Self-Sufficiency Administrator at Central Susquehanna Opportunities, has been awarded the Emerging Excellence Award by the Community Action Association of Pennsylvania. Congratulations, Stacie! Check out the story!
Are you from Berwick? Fill out the Berwick Blueprint Community Survey
Berwick is inviting residents, business owners, and visitors of Berwick to offer their opinions on a series of standard perceptual questions about the community. Take the survey here!
Children's Museum Announce January Programs and Events
Check out the programs and events happening at the Bloomsburg Children's Museum in January.
PATHS Free Virtual Safety Training December 2024
PATHS will offer over 30 training sessions in December to raise awareness of holiday safety, weather safety, and more. Take a look at the full PATHS Training Calendar.
Cash & Carry IX happening through December 29th
The annual show opened with almost 400 pieces by almost 200 artists from nine central Pennsylvania counties including students from Bloomsburg High School and Central Columbia Middle School. Learn more.
Learning To Live Beloved Ministries to hold Gala January 11th
Learning to Live Beloved Ministries will be holding its First Annual Well House Gala on January 11th at the Pine Barn. Learn more.
PACareerlink Offer WEDnet webinar on January 23rd
Register to learn about resources to train your employees.
PPL Electric Utilities Quarterly Newsletter is out now
Check out the newsletter here. Looking for more tips to save energy? Plug your lights into a smart power strip! Don't have one? Win one at the #PPLElectric12Days contest!
LCBC offering 4 Christmas Services this year
Join LCBC for one of its 4 Christmas Services this year. Each service will feature festive music, a message and connecting over a good cup of hot chocolate. Get a full list of services at the Columbia Montour Campus here!
LCBC hosting Night to Shine
On Friday, February 7, 2025, LCBC will once again partner with the Tim Tebow Foundation to host Night to Shine, an unforgettable prom night experience for people with special needs. Night to Shine is a worldwide movement that will include special needs proms in 50 states and 7 countries. This is LCBC’s 10th year hosting this unforgettable night in NEPA. Learn more here.
Save the Date - DCDC's Dueling Piano's Coming back April 2025!
Please stay tuned for details on how you can be a part of this great event!
End of Session Report Highlights State Chamber’s Pro-Business Achievements
Source: PA Chamber of Business & Industry
With the 2023-24 legislative session at its end, the PA Chamber is taking stock of its member-driven, pro-business accomplishments over the course of the past two years with their latest End of Session Report.
The report highlights some of the state Chamber's more noteworthy accomplishments, working alongside state lawmakers and the Shapiro Administration. These include tax reform like improving the treatment of Net Operating Losses and continuing the phase-down of our Corporate Net Income Tax Rate; permitting reform to help accelerate the approval of construction projects and economic development; state budgets that do not raise taxes; and continued progress to improve and support the workforce – all of which contribute to the state chamber's mission of driving Pennsylvania’s competitiveness forward.
In addition to the PA Chamber’s legislative advocacy, the report also highlights their judicial advocacy through coordination and filing of amicus briefs, which were filed to provide information, expertise, and insights to help encourage smart court decisions.
Lastly, the report includes the PA Chamber's Advocacy Return on Investment analysis, showing how their successful advocacy saves Pennsylvania’s private sector an estimated $33 billion and $5,056 per employee each year.
As we approach another session with a divided state House and Senate, the PA Chamber is optimistic about advancing bipartisan, pro-growth policies, including continuing to improve our tax climate; ensuring permitting reforms achieve intended goals; strengthening our workforce; improving transportation infrastructure; advancing forward-thinking energy policies; supporting legislation to promote more balanced legal and labor climates; and expanding pro-growth tax policies contained in the federal Tax Cuts and Jobs Act at the federal level.
The Columbia Montour Chamber of Commerce is a proud partner and member of the PA Chamber of Business & Industry.
To view the full PA Chamber of Business & Industry's End of Session report, click here.
Regulations Hold Back Small Businesses
Source: U.S. Chamber of Commerce
Author: Thaddeus Swanek, Senior Writer and Editor, Strategic Communications, U.S. Chamber of Commerce
Time to read: 8 minutes
Small businesses—and all Americans—benefit from strong economic growth. However, new data in the MetLife & U.S. Chamber of Commerce Small Business Index for Q4 2024 gives further evidence that burdensome regulations hinder growth.
By the numbers: The latest Small Business Index survey finds that 51% of small businesses say navigating regulatory compliance requirements is negatively impacting their growth.
- Almost as many (47%) say their business spends too much time fulfilling regulatory compliance requirements.
What the U.S. Chamber is saying: “Too many regulations cause big headaches for small businesses, even if they feel confident in their ability to comply or have the means to outsource compliance tasks,” says Tom Sullivan, the U.S. Chamber’s Vice President of Small Business Policy.
Small Businesses Are Spending More Time on Compliance Tasks
Small businesses are more likely than last quarter (as well as Q4 last year) to say the time or resources spent on fulfilling regulatory compliance requirements has increased in the past six months (39% vs. 33% and 34%, respectively).
This increase in time spent on compliance issues caused the overall Small Business Index score, which measures small business owner confidence, to dip to 69.1 in Q4 from 71.2 in Q3.
- Otherwise, small business confidence in revenue, investment, and hiring plans was strong across the board.
Regulatory compliance can have an impact on real-world jobs and projects.
Small business owner Philip Freeman, Founder and CEO of Murphy’s Naturals, Inc. in Raleigh, North Carolina, says lead times for building permits have increased so much that they decided to cancel an extensive office expansion.
- “The delays make the expansion no longer a good return on investment. While we saved money by canceling the construction, some contractors missed out on the construction project that would have been good for our local economy,” Freeman says.
Taxes Among Most Time Consuming Regulatory Burdens
Complying with federal, state, and local taxes are no minor issue for small businesses: Taxes (along with record-keeping) are the top regulatory compliance issues small businesses report spending their time on.
Small businesses also report feeling the regulatory burden more heavily compared to some of their competitors. 69% of small businesses say they spend more per employee to comply with regulations than larger competitors.
Inflation concern persists: Hindering growth for small business are lingering concerns about inflation.
- Consistent for the past two years, more than half (55%) of small businesses say inflation is their biggest challenge.
- Q4 2024 marks the 12th consecutive quarter that small businesses have cited inflation as their biggest challenge.
A Growth and Opportunity Imperative
The U.S. Chamber supports policies aimed at achieving at least 3% annual economic growth. Some of the tools for promoting economic growth are:
- Lower tax rates and a stable tax code that allow businesses to create jobs.
- Smart regulations that give businesses the rules of the road so they can operate, innovate, and invest with certainty.
- Global trade with the 95% of the world’s consumers who live outside our borders.
Taken together, these tools can increase prosperity for every American, while ensuring government gets out of the way and allows small businesses to do what they do best: innovate, grow, and create jobs.
“Our ability to substantially improve our lives depends on how quickly the overall economy is growing,” wrote U.S. Chamber President and CEO Suzanne Clark in a USA Today op ed.
“Unfortunately, in many cases, that is not the reality today, and many Americans do not feel like this economy is working for them. To create the future we want and the next generation deserves, we need to get back to growth.”
Despite headwinds from inflation and concerns over compliance demands, small businesses remain optimistic about future revenue, investment, and hiring.
- Almost half (46%) of small businesses say they plan to increase investment and 41% say they anticipate increasing staff in the next year.
- Both measures have increased significantly from the start of 2024.
For more findings from this quarter, and to explore and browse years of small business data, visit the Small Business Index.
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The Columbia Montour Chamber of Commerce (CMCC) represents local employers in supporting vibrant, sustainable communities in Columbia and Montour Counties. The CMCC is a proud member of the U.S. Chamber of Commerce and its federation of local, regional, and state chambers, which together serve as powerful business advocates with state and federal level policymakers.
Creating Value in Employee Benefits
In recent years, it has become apparent that the traditional principles pertaining to “value” in workplace benefits have changed. The reality that many employers have begun to embrace is twofold:
- Employees are not just workers, but real people, and
- A person’s job is a component of their life, not separate and distinct from it.
As a result, employers have realized the need to deliver both value and purpose in their benefit portfolios. To do this, in face of the economic and business uncertainties facing them, organizations are strategically redirecting their benefit expenditures on things that matter most to their employees. They are seeking to understand what employees prefer and value, eliminating underutilized and less relevant benefits, while focusing on improving wellbeing outcomes in a cost-effective manner.
Behind salary, most employees rate benefits, empathy and flexibility in their position responsibilities as most important when evaluating either their current job or future employment opportunities. As a result, employers are evaluating their benefit programs to assure they are properly designed to help keep employees feeling safe, protected and prepared for any health concerns that may arise. Additionally, business leaders continue to embrace flexibility both in the workplace and in the benefit programs offered to accommodate the needs of their staff.
The Columbia-Montour Chamber of Commerce offers its members access to My Benefit Advisor as a solution for employee benefits, including voluntary offerings. For more information about My Benefit Advisor, visit our website at cmcc.mybenefitadvisor.com or contact Rob Higginbotham at (800) 377-3536.
Why Outsourcing Strengthens Small Businesses and Communities
- Boosts Business Growth: Outsourcing non-core tasks lets small businesses focus on strengths, cut costs, and scale efficiently.
- Strengthens Communities: Partnering with local providers supports small businesses, creates jobs, and fosters innovation.
- Smart Strategy: Delegating specialized services drives business performance and fuels local economic resilience—everyone wins.
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Why Outsourcing Strengthens Small Businesses and Communities
Why Outsourcing Strengthens Small Businesses and CommunitiesOutsourcing isn't just about cutting costs—it's about growth. By delegating specialized tasks, small businesses can focus on their core strengths, boost efficiency, and scale sustainably. Plus, partnering with local service providers reinvests in the community, creating a virtuous cycle of economic growth.
Outsourcing: A Growth Lever for Small Businesses and Communities
For small business owners, time is the most precious resource. The relentless demands of operations, customer service, and strategic planning can leave little room to breathe—let alone innovate. That's where outsourcing comes in. Handing off non-core functions to experts allows businesses to maximize efficiency, reduce costs, and redirect energy toward scaling.
But the benefits of outsourcing extend far beyond business efficiency. When done thoughtfully—especially by partnering with local or regional providers—it becomes a powerful tool for community building.
How Outsourcing Boosts Your Business
- Focus on Core Competencies - Time-intensive tasks like accounting, HR, or marketing can distract from your company’s strengths. Outsourcing these functions enables your team to focus on what you do best, leading to stronger performance and customer satisfaction.
- Cost Savings Without Compromising Quality - Hiring full-time employees for specialized roles can be expensive. Outsourcing allows access to expert services without the overhead of full-time salaries, benefits, or training costs.
- Scalable Growth - Outsourcing offers flexibility, letting you scale services up or down based on your business needs without the complexities of staffing adjustments.
- Access to Expertise - External providers bring fresh perspectives, industry expertise, and best practices that might otherwise be out of reach.
How Outsourcing Benefits the Community
- Strengthening Local Economies - Partnering with local vendors keeps money circulating within the community. It supports other small businesses, fosters job creation, and strengthens regional economic resilience.
- Building Networks and Collaboration - By outsourcing to local providers, you foster relationships and partnerships that could lead to referrals, collaborations, or future opportunities.
- Fostering Diversity and Innovation -Local providers often include minority-owned, women-owned, or start-up businesses that bring innovative ideas and perspectives to the table.
39 Examples of Services Small Businesses Can Outsource
Marketing and Advertising
- Social Media Management
- Graphic Design
- Website Development and Maintenance
- Content Creation (blogs, articles, newsletters)
- SEO and SEM Services
- Branding and Logo Design
- Photography and Videography
- Event Promotion and Coordination
- Public Relations
Financial and Administrative
- Accounting and Bookkeeping
- Tax Preparation and Filing
- Payroll Management
- Financial Planning and Consulting
- Virtual Assistance and Admin Support
- Document Scanning and Archiving
- Legal Services (contracts, compliance, etc.)
Operations
- IT Support and Maintenance
- Managed Print Services
- Supply Chain and Inventory Management
- Cleaning and Janitorial Services
- Security Services (physical and digital)
Human Resources
- Recruitment and Staffing
- Background Checks
- Employee Training and Development
- HR Compliance Consulting
- Benefits Administration
Customer Engagement
- Call Center/Answering Services
- Customer Feedback Surveys and Analysis
- Loyalty Program Development
- Mystery Shopping Services
Facilities Management
- Property Maintenance (repairs, HVAC, etc.)
- Landscaping and Lawn Care
- Fleet Management
- Office Furniture Installation and Maintenance
Specialized Services
- Legal Compliance Audits
- Risk Assessment and Insurance Consulting
- Catering for Events
- Language Translation and Interpretation
- Custom Printing (merchandise, stationery, etc.)
The Bottom Line
Outsourcing isn’t just a cost-cutting measure—it’s a growth strategy. By freeing your team to focus on what matters most, your business can scale faster, serve customers better, and even foster community development. When you outsource thoughtfully and strategically, everyone wins.
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The Columbia Montour Chamber of Commerce is a private non-profit organization that aims to support the growth and development of local businesses and our regional economy. We strive to create content that not only educates but also fosters a sense of connection and collaboration among our readers. Join us as we explore topics such as economic development, networking opportunities, upcoming events, and success stories from our vibrant community. Our resources provide insights, advice, and news that are relevant to business owners, entrepreneurs, and community members alike.