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Franchot Talks About Small Business Growth

April 19th, 2019 by WCBC Radio

The state of Maryland has been enjoying a long stretch of economic expansion in recent years- and although there are some encouraging signs- Comptroller Peter Franchot isn’t yet ready to declare that the state is enjoying a robust economy.  With the state seeing a 2.6 percent increase in small business growth, Franchot attributed that to changes of the tax code at the federal level and low unemployment numbers. While he was glad the economy is  experiencing an uptick, he warned that excess funds should have been  placed in a rainy day fund for a possible recession,  however that didn’t have during the just completed General Assembly session.  Maryland currently boasts nearly 600,000 small businesses employing 1.1 million individuals; Franchot sees the current economic trends as a sign of strong economic foundation…

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