RYAN: Snapshots of How Small Businesses Are Better Off Now

Speaker Ryan Press Office  https://spkrryan.us/2wqYWvs Each week brings a wave of small business and manufacturing success storiesbright signs of economic resurgence in communities all across the country. After years of being stifled by overtaxation and overregulation under an administration that forgot about them these industries are reinvigorated and driving the economy once again. Its no coincidence. Over the last two years Republicans have focused on recharging these engines of growth. Piece by piece we overhauled our tax code and implemented a regulatory agenda that would return our economy to one that works for its workers. Here are some recent snapshots that tell this comeback story:

• Peoria Illinois is enjoying a manufacturing boom that appears to be fattening workers paychecks." The communitys average weekly earnings rose 24 percent in the first quarter of 2018 compared with the year prior. Greater Peoria Economic Development Council CEO said We have seen a real bounce back especially in the manufacturing sector and those are good-paying jobs and we have lots of them available." TheChicago Tribune notes construction may also be spurring wage growth as the region undertakes new infrastructure projects.  
• Were going to add more stores more people everything." Thats Mark Stapelton the owner of an apparel store in Dayton Ohio talking about his plans to expand in this booming economy. Also in that Dayton Daily News story titled Local small businesses hiring more in healthy economy" another small business owner Mary Burnside talks about how shes now been able to hire new workers for the first time ever. There is a positive spirit of optimism among our business leaders" Katie Koglman executive director of the Ohio Chamber Research Foundation says.
• In Oriskany New York small business owners gathered to share with Rep. Claudia Tenney (R-NY) and Small Business Administrator Linda McMahon how the combination of less burdensome regulation and the new tax code have boosted their business and better served their employees. President of Fiber Instrument Sales Frank Giotto said: Weve been enjoying the tax cut and businesses have been able to reinvest and theyve been able to share some of these monies with employees."
• Optimism among small businesses is widespread and continuing to climb according to the National Federation of Independent Business latestSmall Business Optimism Index. Take it from NFIB Chief Economist Bill Dunkelberg: Small business owners have never been so optimistic for so long." The best news tucked away in the new report? Job creation plans reached record levels. It goes to show that when we create an economic climate with less uncertainty business owners can focus on expansion and creating new opportunities for working Americans.
• I am one of just hundreds of businesses across the country to reinvest its tax code savings into its employees" Debbie McFarland of St. Charles Missouri-based McFarland Interiors writes in the Kansas City Star. With these added funds I am able to upgrade my equipment invest in new product lines and hire more contractors."

Gary Indianas U.S. Steel plant is about to get an upgrade. The companyannounced last week it is investing $750 million to revitalize its plant therea project that will expand the facility provide new equipment and preserve the jobs of its 3800 workers. This comes on the heels of the companys announcement to restart a facility and hire 800 workers near St. Louis. Read more: Snapshots of How Workers Are Better Off Now