Davisson: Small business, big impact

Posted by: Nick Seifer  | Friday, June 17, 2016

Indiana Entrepreneurship Week, which is June 19 through June 25, provides opportunities to celebrate Hoosiers who started their own businesses. Small businesses are the cornerstone of our state economy and this week highlights those embodying the exemplary entrepreneur.

Events go on almost every day, from seminars on how to start a business to workshops to further develop marketing strategies. Networking opportunities are also taking place for business owners to interact and make connections. Events can be found online by visiting inentrepreneurshipweek.com.

Whether it is a restaurant owner in Paoli or an interior designer in Salem, small-business owners are making a difference in our state. Nearly 1.2 million Hoosiers are employed by a small business, with more than 97 percent of all Indiana businesses being classified as small. A strong core of small business is vital to any economy. Since 2012 Hoosier businesses have created 152,100 new jobs, the unemployment rate has dropped from 8.4 percent to 5.2 percent and average wages for new jobs created are almost $25 per hour.

Indiana offers many resources for anyone thinking about starting their own business. For example, the Indiana Small Business Development Corp. provides information for potential entrepreneurs. This can be found online at in.gov/ihcda.

The Indiana General Assembly is committed to supporting entrepreneurs, as Indiana’s economy was ranked number eight in the top states for business by Forbes in 2015. A strong system of infrastructure is important to maintain strong relationships between small businesses, so a long-term solution for funding our roads and bridges is a top priority for the next legislative session. This will encourage commerce for businesses that depend on sound infrastructure connecting them with patrons and supplies.

As a member of the General Assembly, I supported programs for job growth, workforce training and less regulation for entrepreneurs, which will foster an even brighter future for Indiana.

As always, feel free to contact me at h73@iga.in.gov or 317-232-9753 with any ideas on how we can better serve our state.

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Rep. Steve Davisson represents parts of Washington, Orange, Lawrence, Jackson, Clark and Harrison counties.

A high-resolution photo of Davisson can be downloaded by clicking here.