Great Lakes Wire

In the latest episode of The Small Business Briefing, Brian Calley and Sarah Miller covered several significant topics impacting small businesses. Among these was the early-stage work needed for ballot initiatives this month to influence outcomes effectively.

The discussion also highlighted Ohio's consideration of a shift in income tax policy, which could indicate broader regional trends. On the federal level, the U.S. Department of Labor has reversed changes made by the previous administration concerning independent contractor classification, providing positive news for those in that category.

State-level risks are emerging as a concern for small businesses, while health insurance costs continue to be a challenge. Blue Cross Blue Shield of Michigan is making efforts to reduce administrative costs amidst rising healthcare expenses.

Trade and tariffs were another focal point, with ongoing movements but no finalized trade deal with China yet. In the auto industry, automakers face market shifts, supply chain challenges, and evolving consumer demands.

An economic data update is anticipated on Data Monday, expected to provide insights into broader economic trends.