Election 2012: Execs want to benefit from results

paper_tampabayvia the Tampa Bay Business Journal

With the election in the rear-view mirror, Tampa Bay area businesses are finding their footing going forward.

Banks and financial professionals will look for ways around the web of regulations favored by President Barack Obama’s administration. Some small businesses are adjusting their employment rolls, to accommodate the requirements for providing health care insurance coverage to workers.

Brokers who assist with business deals are bracing for a wave of work before year’s end, when the capital gains tax rate is scheduled to rise. Tech professionals also expect to take on an influx of new jobs, as clients move ahead with initiatives …

Obama_Romney-280I was interviewed by the Tampa Bay Business Journal the day after elections to get my take on the presidential election and what I felt my industry could expect… but when I spoke to the Biz Journal, I spoke about our clients that need regulatory relief…. after all, PRs service their clients – what affects them, affects us.

Karla Jo Helms, CEO of JoTo PR in Clearwater, said her client in the financial services and banking industries spent on average 18 percent of their income handling regulatory issues and are projected to see those costs go up to 22 percent next year. What does that do to their ability to hire “How does that trickle down to groceries? Helms said.

Now that the election is over, the next step should be real education on how these issues trickle down to the people, Helms said.  Republic Bank and its parent company, Republic Bancorp [Nasdaq: RBCAA] will lobby through trade groups for exemptions from regulatory requirements coming down the pike.

Check out the full article to hear from Tampa Bay Execs about what they think of the election and what we now can expect… read it in the Tampa Bay business Journal by clicking here>>

Karla Jo Helms

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