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Given this, its unclear just how a Harris presidency would affect businesses in the United States.
During her time as vice president and in the Senate, she has consistently supported the small business community.
Given this, theres a good chance that shell continue to do so going forward if elected president.
This is potentially good news for those who want to start a business in 2025.
However, broader economic and policy changes could affect small businesses.
For example, she supported Bidens Investing in America Agenda, which prioritized makingmain streets and communitiesstronger.
Not only that, but the Biden-Harris administration has a track record of increasing spending onsmall business contracts.
In 2022, Harris established the Economic Opportunity Coalition, which directly addressed economic disparities particularly in underserved communities.
However,more government spendingcould boost consumer demand, offsetting this.
Additionally, Harris has consistently encouraged consumers to shop small that is, to shop locally.
But its important for future small businesses to understand how regulation could affect them positively and negatively.
Regulation is always a concern, Fritch said.
But targeted relief for small businesses, likesimplified employee benefits or tax credits, may encourage entrepreneurship.
Back in 2022, the rate of uninsured individuals reached record lows.
A big reason for this is the lack of affordable healthcare, something the ACA strives to address.
While this is not directly correlated to Harris, the Democratic party has historically supported quality, affordable healthcare.
Overall, the impacts will depend on the specific policies that emerge after the election, Fritch said.
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