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Business owners ranked rising labor costs, including wages and health care, as their top concern, according to M&T Bank’s survey of their business banking clients.
Forty-seven percent said it was their biggest challenge.
Still, almost three-quarters said they plan to increase wages in the next year, including 17 percent who plan to raise wages by more than 3 percent.
Here are some other takeaways from the report:
Click here to read the full report.
If you want help in taking your Delaware small business to the next level, contact the Delaware Division of Small Business.