• What happened: A recent survey by the National Federation of Independent Business (NFIB) found that Texas small businesses are struggling with to keep up with high operational costs, despite the state’s overall strong economy.
  •  Included in Texas small business owners’ top ten concerns were inflation and the availability and high cost of liability insurance, underscoring the challenges small businesses face in the current economic climate.
• Remind me: Texas has long been known for its business-friendly environment thanks to smart decisions by our state’s leadership. But it’s clear we can do more to lighten the burden on small businesses, which pay a disproportionate share of taxes relative to their economic output.
• In their own words: “Small businesses employ nearly half of the private sector workforce, and this publication makes clear where lawmakers should focus their attention to strengthen Main Street and every community in which they operate.” –NFIB Research Center Executive Director Holly Wade
• TLR Thoughts: Texas’ pro-growth policies have helped build its reputation as a top state for business, but things like the increasing frequency and cost of nuclear verdicts are making it harder to find and afford the insurance small businesses need to operate. As we begin to gear up for the 2025 legislative session, lawmakers should prioritize policies that make it easier for small businesses to create jobs and invest in our communities.

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