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Inflation hurting area small businesses; fed surveys local entrepreneurs

[Photo: Mike Petrucci/Unsplash]
A federal survey seeks whether small businesses have recovered from the coronavirus pandemic. However, some local business owners are more concerned about a potential recession and inflation.

The Federal Reserve recently distributed questionnaires to gather data for its Small Business Credit Survey 2022 Report on Employer Firms. The data collected, which will cover the 12 months before the survey, will try to tell the overall story of health in the small business community and its recovery from the pandemic.

However, some in the business community need to see sunny skies when they look ahead in time.

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