Ohio business leaders expect the recent federal tax package to boost business, even as concerns about finding the right employees remain, a new state survey has found.
The Ohio Chamber of Commerce Research Foundation released the findings of its quarterly survey of business leaders Thursday. They reveal the following:
• The statewide “prosperity pulse” rose from 5 in the third quarter to 5.4 in the fourth quarter and is projected to keep moving upward.
• The cause of the upward movement can be attributed to the federal tax reform.
• The cost of health care and attracting quality talent remain the top concerns of business leaders.
• Seventy-four percent of leaders say they are optimistic about the immediate future of their business.
• Government regulations remain a concern, especially in transportation, and particularly with the mandate for federal electronic logging devices.
• The foundation asked leaders what incentives they offer employees for retention: 45 percent give cash bonuses, 19 percent offer flexible scheduling, 16 percent plan special events and 12 percent award extra days off.
The survey was conducted between Dec. 30 2017 and Jan. 19, 2018 and over 400 responses were received.