PELLA, Iowa — A report just out from the National Federation of Independent Business (NFIB) paints a grim picture for small businesses across the country. In Iowa, however, things could be looking up.
According to a survey conducted by the NFIB, one in four businesses owners says they may have to close their doors in the next six months if the economy doesn't turn around. But that number reflects the nation as a whole.
"I think Iowa is in a lot better shape than most states. Our economics…our budget is balanced," said Matt Everson, the NFIB state director for Iowa.
Lana Pol, who owns several businesses in the state, said she's getting busier heading into 2021. "You don’t want all you eggs in one basket and that's definitely been proven this year. We’ve been able to supplement businesses with the other ones when one's a little bit slower," Pol said.
Pol has her hands in a number of sectors. She owns a regional trucking and warehouse businesses. And she also operates retail locations selling products like lawn equipment and spas. During the pandemic, that diversity has been key.
Not all businesses are so lucky. Many entertainment and service sector companies continue to struggle. "It’s what I call an uneven economy. Some sectors are doing well or are back to normal and others are just totally devastated," said Everson.
The NFIB hopes a COVID relief package gets passed soon. "Our components that we thought were the most important parts and that our members told us were the most important parts are in that bill," Everson said.