Bowley noted, "We're able to utilize our small business data and find that manufacturing and construction firms are experiencing growth, and also potentially [a] boost in employment that is tied to this booming investment from this fiscal stimulus." This highlights the crucial link between large-scale investments and the health of small businesses across the South and Midwest.
According to BofA Global Research, "every $10 billion of manufacturing revenue that is moved back to the U.S. generates an estimated $3.8 billion increase in capex spending overall." This underscores the significance of reshoring for increasing capital expenditures which can enhance small firms' operational capabilities.
Bowley commented on the financial state of regional businesses: "More profits means growth, which is, of course, a positive for these regional economies." This statement emphasizes how the increase in profits for small construction firms can lead to broader economic benefits at the regional level.
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