May 12, 2017
Confident that the U.S. economy is on firm footing, the Federal Reserve Board has begun gradually increasing interest rates and plans to do so at least two-to-three more times this year with additional increases in 2018. Along with the average consumer, businesses will soon begin to feel the effects in some obvious and not-so-obvious ways. This is especially true for small business (defined as those with 500 or fewer employees) who own or employ about half of the American workforce.
So what should a small business owner be concerned about, or at least aware of?
As interest rates put pressure on manufacturing costs, it pays to work with a knowledgeable partner who can help you improve productivity and keep costs down. Gosiger is a family-owned and operated machine tool technology provider with 95+ years of manufacturing experience and a number of attractive financing options. To learn more, contact your nearest Gosiger facility.