As you know by now, the State of California is known for making regulations based on numerous factors that have a direct effect on our pocketbooks (such as gas taxes, minimum wage, etc.). Recently there have been many discussions in our town about surcharges that consumers are charged. While we represent businesses, we also have quite a few resident members as well. Keeping that in mind, I just wanted to give you a little bit of information to hopefully give you a better picture of what businesses are faced with and the decisions they must make. This information affects businesses statewide, not just here in Duarte. Some cities and/or counties have even more obligations than ours.
Additional costs of doing business that have dramatically increased include:
The trends of additional costs being transferred to consumers can be handled in different ways depending on the company. Some examples of how they can appear are:
The use of credit cards costs businesses anywhere from 2% to 4% (or higher) of your bill for every purchase made. It is almost always tied to how you made your payment as well. Swiping, chips, keying, paying online, or phoning in your payment. All these options have different rates depending on what system the business has signed up for.
As you can see, business costs are going up considerably from multiple directions. No matter how much a company or individual appreciates your business, they need to be able to sustain themselves and be a responsible business operator for the community.
It is incumbent upon us as consumers to make sure we look before we make a purchase. Almost always, the business has notified us by displaying signs, postings around businesses, on menus or price sheets, websites, and on advertising or promotional materials.
On behalf of our Chamber business members, we thank you for patronizing our businesses. It helps keep our tax dollars here in town, supports employment, stabilizes our community and spurs economic growth in Duarte.
If you have any questions, please reach out to us. We’ll be happy to help.