Small business has long been the backbone of the economy. In 2022, there were 3 million small businesses in Florida, employing 40.5% of the state’s workers, according to the U.S. Small Business Administration. [1]
While these businesses enjoy the benefits of the state’s fast growth and favorable tax climate, they also face challenges. Navigating rising interest rates, a tight labor market and inflation are obstacles for companies nationwide.
Hope Bryant, vice chairwoman of First Citizens Bank,…