DES MOINES – National Federation of Independent Business member and Pella business owner Lana Pol recently testified in front of the U.S. Senate Committee on Small Business and Entrepreneurship during a field hearing in Des Moines.
Pol, owner of Geetings, Inc. and G.I. Warehouse Corporation, addressed U.S. Senators, including Iowa Senator Joni Ernst and Iowa Governor Kim Reynolds, about issues and challenges small business owners face.
Last year, Pol was able to give her employees up to a $4,000 raise thanks to the 2017 Tax Cuts and Jobs Act. Pol feels that investing in her employees is important not only to her local economy, but it helps her keep those valuable employees. The labor market in Iowa is tight, and Pol fears if she can’t provide competitive wages, she’ll lose out.
“One of the hardest challenges for small businesses is retaining qualified, skilled workers,” said Pol. “With today’s strong economy, we’re competing with a lot of bigger corporations with the same talent. Being a small company, it is hard for us to attract talent, even though or wages are comparable to larger companies, and our benefits exceed other businesses in our area.”
The tax cuts also helped Lana invest more than $2 million in her businesses, adding more warehouse space and six new semi-trucks. However, Pol fears the rising cost of health care and unnecessary government regulations will make it more difficult to transition her businesses to the next generation of her family.
Recently, Des Moines Area Community College recognized Pol’s business, G.I. Warehouse Corporation, as a recipient of the 7th Annual DMACC Small Business Awards. The business provides both local and regional services. In September, Pol will be recognized for her achievements as a small business owner and the significant impact her business has had on Central Iowa’s economy.
For more than 75 years, the National Federation of Independent Business has been advocating on behalf of America’s small and independent business owners, both in Washington, D.C., and in all 50 state capitals. The federation is nonprofit, nonpartisan and member-driven.