As fuel and transportation costs climb, small businesses are facing mounting financial pressure. This edition of Voice of Main Street finds that 67% of small businesses report rising expenses and half report declining revenue over the past three months. Nearly three-quarters (74%) have been impacted by higher fuel and transportation costs, while rising prices for utilities, raw materials, healthcare and rent continue to strain operations. The survey also explores how these challenges are affecting hiring, investment decisions, profitability and optimism, and highlights the critical role access to capital plays in shaping small business confidence and growth.

Over the past several months, Small Business Majority hosted five roundtable discussions with nearly 50 small business owners in Cortland, Long Island, Queens and Manhattan focusing on many of the biggest challenges small businesses are facing today, including rising healthcare costs, unpredictable tariffs, rising inflation and unaffordable living, difficulty accessing capital, workforce shortages and childcare access. The entrepreneurs also shared how running a business in 2026 can require mental and physical sacrifice as these challenges continue to escalate. 

Small businesses are navigating a sharp squeeze on Main Street, according to Small Business Majority’s latest Voice of Main Street poll released on March 25, 2026. Most entrepreneurs report rising expenses alongside falling revenues, with costs driven by tariffs, healthcare premiums, utilities, and supplies. At the same time, many say weak consumer demand, difficulty meeting payroll, and concerns about corporate consolidation are limiting growth and forcing tough choices—from raising prices to delaying hiring and investment.

On November 13, 2025, Small Business Majority released a research report examining the challenges small businesses face from rising healthcare premiums and increased immigration enforcement. The survey found that two-thirds of small business owners view higher healthcare costs as a significant financial burden and strongly support extending the Affordable Care Act’s enhanced premium tax credits. Entrepreneurs also reported negative effects from immigration enforcement and expressed strong support for modernizing the legal immigration system and creating pathways to citizenship for qualifying undocumented immigrants.