Tariffs, economic uncertainty, and external pressures can feel overwhelming. However, they also present a powerful call to action: to invest in ourselves, our communities, and our local businesses.
Tariffs, or taxes imposed on imported goods, can have a significant impact on small to medium-sized businesses (SMBs) by raising production costs and disrupting supply chains.
Local businesses often provide more than just employment—they offer meaningful work. Employees at local businesses are more likely to have a direct relationship with the owner, which can lead to better working conditions, fair wages, and opportunities for growth.
Local businesses often provide more than just employment—they offer meaningful work. Employees at local businesses are more likely to have a direct relationship with the owner, which can lead to better working conditions, fair wages, and opportunities for growth.
Tariffs, economic uncertainty, and external pressures can feel overwhelming. However, they also present a powerful call to action: to invest in ourselves, our communities, and our local businesses.
Tariffs, or taxes imposed on imported goods, can have a significant impact on small to medium-sized businesses (SMBs) by raising production costs and disrupting supply chains.
There are two main types of tariffs: ad valorem and specific tariffs. Ad valorem tariffs are calculated as a percentage of the item's value (e.g., a 10% tax on the import price).
Tariffs can have significant implications. While they may benefit specific domestic industries, they can also increase costs for consumers and businesses relying on imported goods.
