The 2024 election is close and businesses outlining their priorities

Published On Sep 25, 2024, 6:00 AM

As the 2024 election approaches, a significant increase in interest among small business owners regarding electoral priorities has been observed. A recent survey by the U.S. Chamber of Commerce reveals that 78% of small business owners consider the economy and inflation as key issues for the next president and Congress. This marks a substantial rise from previous years, reflecting ongoing frustrations with high prices and lack of effective political solutions. Finance executives from larger firms echo similar concerns, with inflation and economic stability being the top external risks recognized.

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Given the heightened focus on economic concerns, especially inflation, companies that can address these issues or are involved in fighting inflation could potentially perform well. Businesses in sectors such as consumer staples, utilities, or those innovating in cost reduction technologies may see increased demand as they appeal to the small business community's frustrations. Furthermore, political stability or policy shifts favoring economic growth could provide a boost to broader market sentiment.

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