Statewide Iowa — (RI) — The head of the U.S. Small Business Administration was in Iowa Friday for a roundtable discussion with women business owners.
The Iowans told Linda McMahon they’ve purchased new equipment, increased advertising and one plans to reinstate her company’s bonus program because of federal tax cuts. A report released Thursday shows no overall growth in hourly wages in June of this year compared to June of last year. McMahon says she doesn’t dispute that statistic, but it doesn’t match what she’s hearing.
She says other factors point to a “really healthy” economy where wages will start to rise.
A woman who owns a business in Pella told McMahon she’s hiring people from Missouri and Minnesota who keep their homes there, but commute for the work-week. McMahon says encouraging internships and especially apprenticeships will help Iowa students and Iowa businesses fill jobs here. McMahon has visited 40 states since she took over as the leader of the Small Business Administration in early 2017.
Photo above: Iowa Governor Kim Reynolds, and SBA Administrator Linda McMahon
