Credit unions based in the Brooklyn borough may be able to form more relationships with small businesses who say the cost of insurance is among the top reasons hampering their growth.
According to the Brooklyn Chamber of Commerce's annual member issues survey, the top three ways businesses in the area can generate new jobs are through easier access to credit and loans, tax credits for hiring and wage subsidies to offset the cost of hiring for the next six to 12 months.
Business owners also said the top obstacles to their growth are the increased cost of providing health insurance, fuel or energy costs, cost of general liability insurance, problems with access to credit and liquidity, finding and hiring reliable, qualified workers, and traffic and transportation problems.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
