U.S. Small Business Administration on August 2018 Jobs Report

Small Businesses Thriving in Current Economic Environment
Release Date: 
Monday, September 10, 2018
Release Number: 
09-01-2018
Advisory Date: 
Monday, September 10, 2018
Advisory Number: 
09-01-2018
Contact: 
Brooke Betit, brooke.betit@sba.gov, 614-469-6860

Columbus – Today, U.S. Small Business Administration Administrator Linda E. McMahon released the following statement in response to the U.S. Labor Department’s August 2018 Jobs report that the economy added 201,000 jobs in August and the unemployment rate was 3.9 percent:

“Today’s report depicts just how positive an effect the President’s strong economic policies, particularly the tax cuts, are having on our nation’s businesses and households. Wages and benefits are rising, and more Americans are joining the workforce with good paying jobs. I meet with small business owners from around the country each week, and overwhelmingly I hear from them an appreciation for an Administration in Washington that is on their side, that listens to their concerns, and most importantly, that is successfully advancing policies conducive to small business growth and expansion.”

SBA Great Lakes Regional Administrator Rob Scott highlighted the impact that the administration’s initiatives have had on the region.

“In Ohio, small business owners are optimistic about the future, eager to expand their businesses and hire more employees. With more than 940,000 small businesses in the state employing 46 percent of the workforce, their growth will continue to strengthen the state’s economic outlook.”

Evolution Creative Solutions, a local small business in Cincinnati, OH, is one example of how initiatives like the Tax Cuts and Jobs Act are helping entrepreneurs start and grow.

Evolution Creative Solutions is woman-owned small business that specializes in print manufacturing. Founded in 1984, the business currently employs 18, though owner Cathy Lindemann plans to use the tax cut to invest in her business and create another position.