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BizReport : Research archives : April 19, 2016

Reports: SMBs focused on wage, sustainability

Small business owners are speaking out during this election cycle and two topics they aren't shying away from are sustainability and wages.

by Kristina Knight

Manta has released the findings of two new SMB surveys which indicate that small businesses are focused on their performance, and the sustainability of their business. First, in the sustainability sector, most SMBs (64%) are donating items they no longer need while 58% are recycling, and 32% are working with green vendors. This even though the costs associated with 'going green' - including recycling - are higher than the use-and-trash method.

Manta's survey also indicates Washington plays a part in businesses ability to go green - with nearly one-third (31%) saying they would do more with recycling and sustainability if the options were more affordable.

Meanwhile, job security and the wage issue continue to be big players in the US election cycle, with both New York and California voting in 'gradual' increases to their state's minimum wage; each voted to increase the minimum wage in their state to $15/hour.

And, surprising, about half of those businesses surveyed say they support higher minimum wages (59%) for their workers. Those in favor of increasing the minimum wage say they are 'more likely to vote' for candidates to also support a higher minimum wage.

To support increases in the minimum wage, however, about one-third (39%) of those surveyed say they would have to charge more for goods/services and 33% say they would have to reduce the number of employees they have.

Tags: business sustainability, Manta, minimum wage, small business, SMB tips, SMB trends

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