Business Optimism Soars in Houston, Nation


President Trump's economic policies are being credited for boosting the prospects for small-business owners.

Tax reform passed under Trump is being called a key reason small business owners see bright prospects ahead.

A new CNBC survey puts business confidence at the highest levels on record.

Business advocacy groups say the same optimism is seen in the Houston area.

They also point the impact of tax reform already for small-business owners.

“They can immediately file for capital expense savings,” says J.J. Hollie, president and CEO of The Woodlands Area Chamber of Commerce. “They’ve had their tax rates lowered.”

Chris Wallace of the Texas Association of Business says the optimism is not just in Houston.

“We’re seeing it across the state,” Wallace tells Newsradio 740 KTRH.

Wallace also credits a “pro-growth business climate” in Texas. He says the optimism translates into investment in post-Harvey Houston.

In its first national survey since tax reform was passed, the CNBC/Survey Monkey index reached a record high of 62 thanks to the largest quarterly jump on record.


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