{"id":1008714,"date":"2024-12-20T15:01:39","date_gmt":"2024-12-20T20:01:39","guid":{"rendered":"https:\/\/www.sbnphiladelphia.org\/?p=1008714"},"modified":"2024-12-20T15:05:34","modified_gmt":"2024-12-20T20:05:34","slug":"navigating-the-post-election-landscape-key-takeaways-for-businesses","status":"publish","type":"post","link":"https:\/\/www.sbnphiladelphia.org\/advocacy\/navigating-the-post-election-landscape-key-takeaways-for-businesses\/","title":{"rendered":"Navigating the Post-Election Landscape: Key Takeaways for Businesses"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">At SBN, we believe that understanding the shifting political landscape is essential for values-driven businesses to stay ahead. That\u2019s why we were excited to host our Post-Election Briefing in late November: <\/span><b><i>How 2024 Election Outcomes Impact Business &amp; Climate Resilience<\/i><\/b><span style=\"font-weight: 400;\">. The webinar, led by Jason High and his team at <a href=\"https:\/\/ridgepolicygroup.com\/\">Ridge Policy Group<\/a>, offered a deep dive into how the recent election results may impact small businesses, climate resilience, and our regional economy. Whether you\u2019re curious about policy shifts or looking to prepare your business for what\u2019s to come, this recap covers the key takeaways and tips shared during the session.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you missed the webinar or want to revisit the content, you can<\/span><a href=\"https:\/\/www.youtube.com\/watch?v=nnjKCm6Qfxs\"><b> watch the full recording here <\/b><\/a><span style=\"font-weight: 400;\">or <\/span><a href=\"https:\/\/d2r0txsugik6oi.cloudfront.net\/neon\/resource\/sbngreaterphilly\/files\/Post%20Election%20Briefing_Outcomes%20of%202024%20Election%20Slide%20Deck.pdf?mc_cid=22bb10935c&amp;mc_eid=UNIQID\"><b>review the slide deck here<\/b><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<h4>\u00a0<\/h4>\n<h4>Election Outcomes and Policy Highlights<\/h4>\n<p><span style=\"font-weight: 400;\">The 2024 elections led to significant political shifts, including unified Republican control of Congress. The Trump Administration\u2019s agenda includes a blend of deregulatory measures and a re-evaluation of climate and energy policies, including:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Energy and Climate Policies:<\/b><span style=\"font-weight: 400;\"> Plans to scale back on clean energy investments and emissions standards while boosting traditional energy sources like oil, gas, and coal.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Inflation Reduction Act (IRA):<\/b><span style=\"font-weight: 400;\"> Efforts to weaken provisions of the IRA supporting renewable energy and sustainable infrastructure.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Tax Policy:<\/b><span style=\"font-weight: 400;\"> The continuation of the Tax Cuts and Jobs Act (TCJA), with a focus on permanent corporate tax cuts and modifications to research and development (R&amp;D) expenses.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Trade and Supply Chains:<\/b><span style=\"font-weight: 400;\"> Increased tariffs on imports, potentially impacting supply chain costs and accessibility.<\/span><\/li>\n<\/ul>\n<h4>\u00a0<\/h4>\n<h4>What This Means for Businesses<\/h4>\n<p><span style=\"font-weight: 400;\">Small and independent businesses, especially those committed to sustainability like SBN\u2019s members, should anticipate changes that might impact their operations. While deregulation may lower compliance costs, cuts to clean energy funding and changes to tax credits could hinder growth opportunities for values-driven businesses.<\/span><\/p>\n<h4>\u00a0<\/h4>\n<h4>Tips for Businesses to Adapt and Thrive<\/h4>\n<ul>\n<li aria-level=\"1\"><b>Build Relationships with Legislators<\/b><b><br \/><\/b><span style=\"font-weight: 400;\">Advocacy will be critical in this political climate. Engage with policymakers to communicate your business needs and concerns. Organizations like SBN can help to amplify your voice and connect you with decision-makers.<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><b>Assess Your Energy Strategies<\/b><b><br \/><\/b><span style=\"font-weight: 400;\">With potential reductions in renewable energy incentives, consider diversifying your energy portfolio or investing in efficiency measures to mitigate rising costs.<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><b>Plan for Tax Changes<\/b><b><br \/><\/b><span style=\"font-weight: 400;\">Stay updated on potential changes to the TCJA and related tax policies. Work with your financial advisors or accountants to leverage existing credits and prepare for future shifts.<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><b>Focus on Supply Chain Resilience<\/b><b><br \/><\/b><span style=\"font-weight: 400;\">Tariffs and onshoring policies may disrupt supply chains. Explore domestic, local sourcing options and invest in technologies to enhance logistics efficiency.<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><b>Leverage Community and Resources<\/b><b><br \/><\/b><span style=\"font-weight: 400;\">Join networks like SBN to access educational resources, peer support, and advocacy tools tailored for values-driven businesses navigating this transition.<\/span><\/li>\n<\/ul>\n<h4>\u00a0<\/h4>\n<h4>Looking Ahead<\/h4>\n<p><span style=\"font-weight: 400;\">The Trump Administration\u2019s anticipated policies offer opportunities for businesses to adapt and stay nimble in this changing landscape. During the session, Jason High drove home an important point: \u201cBuilding relationships with legislators and engaging through networks are essential steps to ensure your business thrives in the new landscape.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">At SBN, we\u2019re here to help you navigate these changes and continue building a just, green, and thriving economy. Whether you\u2019re looking for resources, connections, or advocacy support, we\u2019ve got you covered. Visit us at<\/span><a href=\"https:\/\/sbnphiladelphia.org\"> <b>sbnphiladelphia.org<\/b><\/a><span style=\"font-weight: 400;\"> or reach out to us directly at <\/span><b>in&#102;&#111;&#64;&#115;&#x62;&#x6e;&#x70;&#x68;&#x69;la&#100;&#101;&#108;&#112;&#x68;&#x69;&#x61;&#x2e;&#x6f;rg<\/b><span style=\"font-weight: 400;\"> to learn more about how we can support your business in 2025 and beyond.<\/span><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n\n\n<figure class=\"wp-block-image size-medium\"><a href=\"www.everyvoice-everyvote.org\"><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"87\" src=\"https:\/\/www.sbnphiladelphia.org\/wp-content\/uploads\/2024\/12\/EveryVoiceEveryVote_logo_fullcolor_with_no_exclusionzone_HighRes_RGB-1-300x87.png\" alt=\"\" class=\"wp-image-1008715\" srcset=\"https:\/\/www.sbnphiladelphia.org\/wp-content\/uploads\/2024\/12\/EveryVoiceEveryVote_logo_fullcolor_with_no_exclusionzone_HighRes_RGB-1-300x87.png 300w, https:\/\/www.sbnphiladelphia.org\/wp-content\/uploads\/2024\/12\/EveryVoiceEveryVote_logo_fullcolor_with_no_exclusionzone_HighRes_RGB-1-1024x298.png 1024w, https:\/\/www.sbnphiladelphia.org\/wp-content\/uploads\/2024\/12\/EveryVoiceEveryVote_logo_fullcolor_with_no_exclusionzone_HighRes_RGB-1-768x223.png 768w, https:\/\/www.sbnphiladelphia.org\/wp-content\/uploads\/2024\/12\/EveryVoiceEveryVote_logo_fullcolor_with_no_exclusionzone_HighRes_RGB-1-1536x446.png 1536w, https:\/\/www.sbnphiladelphia.org\/wp-content\/uploads\/2024\/12\/EveryVoiceEveryVote_logo_fullcolor_with_no_exclusionzone_HighRes_RGB-1-2048x595.png 2048w, https:\/\/www.sbnphiladelphia.org\/wp-content\/uploads\/2024\/12\/EveryVoiceEveryVote_logo_fullcolor_with_no_exclusionzone_HighRes_RGB-1-1900x552.png 1900w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/figure>\n\n\n\n<p><i>This SBN program is a part of Every Voice, Every Vote, a collaborative project managed by The Lenfest Institute for Journalism. Lead support for Every Voice, Every Vote in 2024 and 2025 is provided by the William Penn Foundation with additional funding from The Lenfest Institute for Journalism, Comcast NBC Universal, The John S. and James L. Knight Foundation, Henry L. Kimelman Family Foundation, Judy and Peter Leone, Arctos Foundation, Wyncote Foundation, 25th Century Foundation, and Dolfinger-McMahon Foundation. To learn more about the project and view a full list of supporters, visit www.everyvoice-everyvote.org. Editorial content is created independently of the project\u2019s donors.<\/i><\/p>\n\n\n","protected":false},"excerpt":{"rendered":"<p>At SBN, we believe that understanding the shifting political landscape&#8230;<\/p>\n","protected":false},"author":10,"featured_media":1008652,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[216,276],"tags":[159,548,547,546,549,144],"class_list":["post-1008714","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-advocacy","category-news","tag-local-business","tag-pa-small-business","tag-philadelphia-small-business","tag-post-2024-election","tag-ridge-policy-group","tag-triple-bottom-line"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Navigating the Post-Election Landscape: Key Takeaways for Businesses - 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