Citizens president & head of business banking Mark Valentino joins Market Domination to discuss the outlook for small business owners heading into 2025.
Valentino notes growing optimism among small business owners regarding the incoming Trump administration. He attributes this positive sentiment to several factors: declining interest rates, moderating inflation, anticipated deregulation policies, and most importantly, potential tax relief measures.
"Small business owners, basically, what they take home is what they’re able to provide for their families, right? And so, taxes are a huge factor for small business owners," he explains to Yahoo Finance, adding it is a metric "they can see very clearly in their bottom line, and it results in how much they are able to spend as consumers."
Watch the full video above to hear Valetino’s views on how small business owners should approach tech investments in the coming year.
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