WASHINGTON — Small businesses could see more opportunities to grow from pursuing new markets overseas, women, minorities and increasing their investment in technology during this election year and beyond.
The Small Business Administration's Office of Advocacy released a working paper recently that outlines the opportunities and challenges for small businesses. The paper was authored by Chad Moutray, chief economist and director of economic research at SBA's advocacy office.
The five major challenges are strengthening the overall economy, taxes and regulation, the cost and availability of health insurance, attracting and retaining a quality workforce and global competition, according to the paper.
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