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Rhett Buttle for Forbes: Strengthening Our Democracy Is Critical For Maintaining America’s Economic Competitiveness

October 21, 2022

READ RHETT BUTTLE'S LATEST FOR FORBES HERE



All eyes are focused on the upcoming midterm elections and what issues will sway voters, but more of a focus should be on ensuring the stability of our democracy. A recent NYT/Sinema poll shows the voters are keenly aware of the challenge to our democracy, but economic woes continue to rank more important. Quite frankly, the two issues are linked.


The risks to the economy of a weakened democracy cannot be overstated. Unstable governments are considered likely to interfere in free markets and to be generally unsafe global investments. At best, interest rates would go up, making it significantly harder for businesses of all sizes to start and grow. If the United States’ ability to borrow money at low interest rates from creditors around the world is jeopardized, the effects could be disastrous.


While this is a complicated issue, there is work to do to reduce polarization and build consensus. Congress has the opportunity to make progress by passing a crucial piece of legislation. Regardless of the election outcome, the 117th Congress should not adjourn without passing legislation to modernize the Electoral Count Act of 1887, an effort which has garnered bipartisan support in both the House and Senate. This legislation does not target Republicans or Democrats; it targets those who would undermine our democracy and is essential to keeping our economy stable.


The 2020 presidential election and its aftermath pressure-tested our democratic institutions like no other modern election has done. Given how mistrust in our elections could destabilize the economy, the business community took unprecedented steps to endorse the legitimacy of the electoral results and condemn the January 6th insurrection that followed.


Business leaders, like the American public and consumers they serve, recognize that our democracy is fragile, with 83% indicating they are concerned about the health of the US democracy in recent polling. Perhaps more than others, we need them to recognize their ability to make sure we are on a path to rebuild trust in institutions that have allowed us to build the greatest economy on this planet. “The future of our republic relies upon effective election administration, public trust in the results, and the peaceful transfer of power — and so do our markets and businesses. Our country cannot afford a constitutional crisis,” said Sarah Bonk, the founder and CEO of Business for America.


Efforts to reverse the 2020 election and stop President Biden from taking office hinged on a last resort effort to force former Vice President Mike Pence to use the Electoral Count Act of 1887 to overturn the results. After close elections in 1880 and 1884, Congress passed this legislation to set an approval process for a state’s slate of electors. Yet under the law, just one Senator and one Representative objecting could force a vote on approving a state’s electoral votes. This approach has been used by both Republicans and Democrats in the past 20 years.


Fortunately, the January 6 insurrection failed and President Joe Biden was inaugurated two weeks later. However, still too many believe Biden’s victory was the result of voter fraud, and we are seeing more candidates being open to refusing to accept electoral defeat. In fact, 60% of Americans will have a candidate who questions the results of the 2020 election on their ballot this November.


“The aftermath of the 2020 election revealed significant ambiguities in our system for choosing the president that were too easily exploited to foment distrust and spur attempts to disrupt the lawful transition of power,” said Matthew Weil, associate director of the Bipartisan Policy Center's Democracy Project. “This bipartisan Senate framework is a critical step for shoring up vulnerabilities, protecting election workers, and improving the voting experience.”


The legislation moving through Congress would modernize the rules for counting electoral votes and clarify that the vice president does not have any power to solely accept or reject electors. It also increases the threshold to raise an objection to a state’s electors. This proposal has bipartisan support, including from such unlikely allies as Senate Majority Leader Chuck Schumer [D-NY] and Minority Leader Mitch McConnell [R-KY], demonstrating its practical approach to modernizing the arcane 1887 law.


“It is common sense to modestly increase, as others have said here, the threshold for objections to the electoral count — so that Congress still has options in case of truly extraordinary circumstances, but we avoid an arms race where objections with almost no support paralyze the process every four years,” Sen. McConnell said when he announced his support.


The bottom line is that if the events of 2020 and early 2021 are repeated during a future election, our country and our economy will suffer. Business leaders should use their trusted voices in support of meaningful, pragmatic actions to safeguard democratic institutions. This legislation will not address all the threats we are currently facing, but it’s an important and timely step to avoid another catastrophic attempt to overturn a democratic election result. Congress can take an important step to protect our democracy and economy by passing legislation to modernize the Electoral Count Act.


November 4, 2024
On The Eve of The Election, Business Leaders Unite in Call for a Safe & Accessible Election and to Ensure Every Vote is Counted Major Business Associations & Small Business Owners Across the Country Encourage Civic And Business Leaders to Take Action to Protect the Freedom to Vote WASHINGTON – On the eve of the election, business leaders from across the country are standing together to call for a safe and accessible election and urging patience while every vote is counted. In the past few weeks, hundreds of small business owners and dozens of the country’s most significant business associations, spearheaded by Small Business for America’s Future and the Business & Democracy Initiative , issued open letters encouraging civic and business leaders to join efforts to protect the freedom to vote. Support across the business community for our election system runs deep. Research from the Business & Democracy Initiative shows that over 80% of business leaders agree that businesses should act to ensure safe and fair elections. Would you like to add your name to this list? Use your voice to call for every vote to be counted! Just fill out the form linked here. Here is what national business leaders , state business leaders, and other economic leaders are saying about the importance of protecting the freedom to vote during this election: National Business Leaders: Mark Cuban, Entrepreneur: “The private sector must stand up for safe elections where every vote counts.” Ken Chenault, Chairman of General Catalyst; and former CEO of American Express: “As business leaders, we understand the value of stability and trust—and this election is fundamentally a choice between chaos and stability for our country. The business community must continue to take a stand, recognizing that without a strong democracy, American business cannot thrive. This is not a political or partisan issue; it’s about upholding democratic principles that transcend party lines and sustain our economy and society. I am proud of the business leaders stepping forward to ensure a secure, fair election process for all Americans.” ( Link ) Reid Hoffman, American Entrepreneur and Venture Capitalist: "America has spent nearly 250 years building a path to prosperity. Today, we’re global leaders in advanced technology — AI, biotech, and green energy to name a few — innovations that would have been impossible without the stability resulting from our commitment to democracy and the rule of law. To keep driving innovation and humanity forward, we must safeguard these core American values. That’s why this month, we must be patient as our nation’s highly trained, non-partisan election workers count every vote. This is the process that has kept American elections free and fair since the days of our Founders, and it has earned our trust." Robert E. Rubin, former U.S. Secretary of the Treasury: “Business leaders have experienced firsthand the impacts of democracy becoming increasingly politicized. Rather than viewing democracy through a partisan lens, we should treat it as a shared value that both Democrats and Republicans can coalesce around –– that’s been the foundation of our nation for over 250 years. We must recognize and combat the damage that politicizing democracy does, much like what we’ve seen with the idea of patriotism. Beyond this election, it’s crucial for business leaders to step up, engage with government and reinforce the democratic principles that support our society and economy.” ( Link ) Samantha Tweedy, CEO, Black Economic Alliance : "The freedom to vote and the right to have our votes counted are the bedrock principles of our democracy and the business community has a responsibility to ensure they are upheld. As a coalition of business leaders committed to living up to that responsibility, we will speak with one voice to support the democratic process and ensure that the will of the people prevails." Jeff Sonnefield, and Founder and President of the Chief Executive Leadership Institute Senior Associate Dean for Leadership Studies & Lester Crown Professor in the Practice of Management at Yale University: “US business leaders have called for calm respect for Constitutional process and the rule of law. If anyone has any disputes, they should take their grievance to the courts peacefully and present evidence. As Tocqueville pointed out in 1840, our democracy is secured not through the tightness of our laws but the looseness of our laws, so they are adapted to circumstances. It takes civic leaders, such as business leaders to certify the truth and fortify public trust in our system, which Tocqueville labeled as “social capital.” Free enterprise cannot function when political leaders maliciously tear apart the fabric of society.” Ken Frazier, Chairman, Health Assurance Initiatives, General Catalyst ; former Chairman and CEO, Merck: "Business leaders have consistently played an essential role in defending and strengthening our democracy. Our economy’s success relies on the peaceful transfer of power, respect for the rule of law, and the integrity of democratic institutions. Responsible leadership means upholding these core principles to ensure the stable environment that enables businesses—and our nation—to thrive." Daniella Ballou-Aares, CEO, Leadership Now Project : "The critical issues for business leaders this election are ensuring the legitimacy of elections, upholding the rule of law, and safeguarding national security. As we approach Election Day, business leaders are uniquely positioned to urge patience and reinforce trust in election administrators. Business leaders are unified in their support for the legitimacy of the election process and the importance of a peaceful transfer of power.” Rhett Buttle, President, Public Private Strategies Institute : “In our democracy, businesses aren't just bystanders, they’re important partners to our government. The free exchange of ideas, goods, and services is the lifeblood of our economies, where every voice counts. Businesses play a vital role in shaping policies that reflect the needs and aspirations of the people they serve. At this crucial moment in history, businesses small and large have a responsibility to safeguard the very essence of democracy, ensuring there’s opportunities for everyone and guaranteeing that the voice of every citizen is heard.” Jeff Raikes, Co-Founder, Raikes Foundation : “Democracy thrives when everyone’s voice is heard, and business leaders are uniquely positioned to protect that voice. Business leaders should demand that every vote be counted, and the will of the people prevail. Our economy, our democracy, and our future depend on it.” Rosalind “Roz” Brewer, Interim President of Spelman College ; former CEO of Walgreens Boots Alliance; former CEO of Sam’s Club: "As business leaders, we know a stable democracy creates opportunities for the next generation. Protecting democratic principles is essential to maintaining the stability American businesses need to succeed, while ensuring every American has a chance to thrive. Our economic strength and resilience depend on fair, transparent elections—vital foundations for the young men and women who will lead us forward." National Business Organizations: Vaeme Afokpa, External Engagement Lead, International Chamber of Commerce : “Business can’t shy away from taking an active role in protecting democracy, which ensures that fundamentals like transparency and stability remain drivers of inclusive economic growth. I appreciated participants’ remarks about the necessity of courage in times like these. Forming communities, making sure business leaders own visible policy agendas that are good for socio-economic health of their local communities, and lastly, a clear need for business to be part of a movement towards investing in civics.” Joel Berrocal, Executive Director, The National Puerto Rican Chamber of Commerce : “We recognize that a stable democracy is essential for thriving businesses and communities. Puerto Rican and other Hispanic entrepreneurs have long understood that opportunity grows in an environment where every voice is valued, and transparency prevails. This election season, we stand firm in supporting fair, accessible, and secure elections that uphold the principles of democracy, ensuring that our members can confidently invest in their businesses, create jobs, and contribute to a prosperous future for all. Together, let’s honor our civic duty and the democratic values that drive economic resilience and growth.” Sarah Bonk, Founder & CEO, Business for America : “The strength of the American economy relies upon our democratic values, and we cannot succeed as a nation if we remain as divided as we are today. Anti-democratic impulses at home, driven by hyperpartisanship, distrust, and growing political divides, are as dangerous as authoritarians abroad. In response, we’re inviting businesses to add democracy to their public policy agendas … to help mend our social fabric and strengthen our democratic institutions.” ( Link ) Melissa Bradley, Founder and General Partner, 1863 Ventures : " America is known for democracy and freedom of speech. It has a legacy of being a place of opportunity. As the elections approach, I remain hopeful for the sustainability of what has crafted this country. As the economy is undergirded by small businesses, I remain hopeful that the legislation and political focus will remain on supporting founders, growing our economy, and maintaining our competitive advantage via innovation and diversity of interests. Small business depends on a strong democracy where every vote counts." Daryl Brewster, CEO, Chief Executives for Corporate Purpose : “During election time, divisiveness at work can spike as employees bring their personal views and anxieties into workplace discussions. However, it’s also a good time for business leaders to rally around their business purpose to advocate for unity. Employees with differing political views can feel heard, valued, and respected as companies promote common corporate purpose and values, train employees on how to navigate contentious conversations, provide resources for emotional support, and consistently share trusted company communications. Through this, companies demonstrate their commitment to unity, purpose, and the election results, while supporting a resilient workforce, company, and political process.” Ron Busby, President and CEO, US Black Chambers, Inc. : "For Black-owned businesses, elections and a stable democracy are essential to fostering a predictable and thriving economy. As business leaders, we recognize that protecting elections allows Black-owned businesses to invest in their economic futures and build generational wealth with confidence. Democracy is the bedrock of economic opportunity, and a commitment by business leaders to advocate for safe elections bolsters confidence in our electoral system, reassuring public trust in the systems that ensure economic stability for all. Ramiro A. Cavazos, President & CEO, United States Hispanic Chamber of Commerce : "As business leaders, it is crucial to call for safe elections, and ensure that every vote is counted to uphold our democratic processes. A stable and secure democracy is foundational for economic prosperity and trust, both of which are essential for thriving Hispanic businesses and communities. By advocating for fair and transparent elections, business leaders help promote a society where everyone’s voice is respected, ensuring that diverse perspectives shape our future. This commitment to democracy reassures employees, customers, and partners alike, strengthening the public’s confidence in the systems that support a healthy economy and inclusive society." Aron Cramer, President and CEO, Business for Social Responsibility (BSR) : “Democracy and rule of law are an essential foundation not only for the trust, fairness and transparency that a functioning society requires, but also to enable business to lead the way to a fairer and more sustainable economy. Business is not simply a bystander on these questions: private sector leadership is needed to help reinforce democratic processes, and it is in its interest to do so.” ( Link ) Alphonso David, President and CEO, Global Black Economic Forum : “As business leaders, we understand that a thriving economy relies on the trust and security of our democratic institutions. The United States of America is a multi-racial democracy where every voice matters. Ensuring that every vote counts ultimately fosters the stability and confidence that businesses and communities need to grow and thrive.” Angela Dingle, President and CEO, Women Impacting Public Policy (WIPP) : "A stable democracy is the foundation upon which women-owned businesses build their success and resilience. When democracy is strong, it provides a reliable environment where women entrepreneurs can grow their businesses, plan for the future, and contribute to their communities without uncertainty. The vitality of our economy depends on this stability, which is why supporting and safeguarding democratic principles is crucial for empowering women business owners nationwide." Jen Earle, CEO, National Association of Women Business Owners (NAWBO) : "Democracy is a precious yet fragile foundation upon which the dreams of women business owners are built. At NAWBO, we recognize that a strong and stable democracy is essential for the economic growth and future prosperity of women entrepreneurs who drive innovation, create jobs, and contribute to thriving communities. Protecting and nurturing this foundation is critical to ensuring that women-owned businesses can continue to grow and succeed for generations to come." Nicole Elam, President and CEO, National Bankers Association : “Democracy and economic opportunity are deeply connected. Political stability is essential for equitable growth, and we stand firm in condemning deliberate barriers to voting, which overwhelmingly impact communities of color. Every vote matters and every vote should count.” Steve Fletcher, Green Business Network Director, Green America : “A strong democracy is essential to economic growth that benefits all Americans, including the many small green business entrepreneurs building thriving businesses across the country. The over 1,500 green businesses in Green America’s Green Business Network encourage all Americans to respect and take part in our nation’s democratic institutions.” ( Link ) Jorge Fontanez, CEO, B Lab U.S. & Canada : “On the eve of this crucial election, it is our collective responsibility as business leaders to take a stand and reinforce the fundamental principle that every voice matters. A thriving democracy is essential for long-term economic stability, and together, we can demonstrate that protecting our democracy is paramount, regardless of who wins.” Dr. Erika Gonzalez, Co-Chair, Small Business for America’s Future : "Every investment we make, every job we create, depends on the certainty that comes from strong democratic institutions. In order to have a strong economy we need a strong democracy. Without it we threaten the stable foundation that every business decision relies upon." Keith Hall, President and CEO, National Association for the Self-Employed: “The most important role small business owners can play is to exercise their right to vote. The voice of small business is stronger than it has ever been. I encourage every small business owner to cast their vote for the future. Regardless of who you note for, make your voice heard.” Keith King, Founder & CEO, National Veteran Business Development Council : “As a combat Veteran of the Vietnam War, I wasn’t old enough to vote when I made it back home. The honor and privilege of voting in my first election was more than a slogan. I had already witnessed what it meant when people claimed: ‘Freedom is not Free.’ Protect the right to vote.” David Levine, Cofounder and President, American Sustainable Business Council : “It’s really simple. Political instability is bad for business; political stability, which relies on fair and democratic elections, is good for business. The strength of our nation’s democracy and the stability of the American economy and resiliency of its businesses depends on protecting free and fair elections. The current political landscape has been marred by divisiveness and instability. Businesses and investors need a stable democracy and economy to succeed. That’s why ASBN’s Business for Democracy Initiative will continue to advance the collective power of responsible businesses to be a driving, non-partisan force to support efforts to protect and strengthen our democracy. Let’s honor the will of voters, no matter the outcome, because our democracy is worth it.” Ron Miller, CEO, American Incline Group: “We count on political stability to reduce risk by creating a more predictable operating environment. We also will bear the brunt of even higher interest rates due to the additional uncertainty. Business leaders have an outsized impact on policy and policy makers. Let’s not sleepwalk our way into the economic chaos experienced like we saw when Turkey and Venezuela lost their democracies to authoritarians.” Justin Nelson, Co-Founder & President, National LGBT Chamber of Commerce (NGLCC) : "Democracy is the backbone of a thriving economy, providing the stability that allows businesses of all sizes and backgrounds to flourish. For LGBTQ-owned businesses and countless others, a strong democratic foundation ensures fairness, opportunity, and the freedom to innovate. Protecting democratic principles is not just a civic duty—it’s an economic imperative that safeguards our shared prosperity and paves the way for future generations of entrepreneurs to succeed." Douglas G. Pinkham, President, Public Affairs Council : “The Public Affairs Council, now in its 70th year, was created to encourage large and small businesses to engage in society as corporate citizens. The companies who formed the Council strived to understand the world in which they operated, and then act in the public interest while supporting their individual interests. As Americans, we are called in the same way to support the common good while protecting individual liberties. Unfortunately, as many of us succumb to negative partisanship, we often spend more time defending our rights than ensuring the health of our national community. This election year, the Public Affairs Council calls on all political candidates and their supporters to respect the rights and opinions of others, honor democratic laws and norms, and recognize their responsibility to help ensure a peaceful transfer of power.” Leah Seligmann, Chief Change Catalyst & CEO, The B Team : “America’s strength and economic stability are built upon free and fair elections, which are at the heart of our democracy. The right to vote, free and fair elections, the peaceful transition of power, and the Constitution that enshrines them are the cornerstones of our American democracy and critical enablers of thriving businesses. A government of the people upholds the rule of law, protects property rights, and ensures contracts are enforced. These conditions are fundamental to a functioning market economy.” John Stanford, Co-Founder and Co-Executive Director, Small Business Roundtable : “Small businesses are the economic connective tissue of our society, interwoven between communities and commerce. And despite our many and divergent views on the right way to strengthen our economy, there is consensus among entrepreneurs that a healthy democracy is foundational. The debates we must have about the future, about innovation and regulation, about taxes and wealth creation, are secondary to the fundamental importance of free, fair, safe, and secure elections.” Chiling Tong, President and CEO, National Asian Pacific Islander American Chamber of Commerce and Entrepreneurship ( National ACE ): "For AANHPI business owners and communities, participating in elections is essential to ensuring that their voices are heard, and that they have a say in policies that will impact their businesses. With so many offices and ballot measures to consider, it’s important for AANHPI voters to be informed, carefully researching candidates and initiatives to make decisions that reflect their values and priorities. Democracy is key to keeping our communities and businesses thriving, and we support a transparent electoral process that empowers every voice in shaping our collective future." Jeff Wasden, President and CEO, State Business Executives : “As Election Day approaches, we encourage a steadfast commitment to a fair and accessible voting process—one that ensures every ballot is counted, and citizens can vote. A stable democracy is essential for robust business growth, fostering a predictable and resilient economic environment. Businesses play a critical role in promoting a constructive and respectful atmosphere, supporting the public’s trust in our institutions. This election, let’s champion integrity and transparency in the voting process, recognizing that a dependable democracy is not only the foundation of effective governance but also the bedrock of a healthy, prosperous business landscape.” Dr. Anjanette Wyatt, CEO, Clinical Care Pharmacies, Immediate Past President, American Pharmacists Association Foundation : "Democracy is the bedrock of our nation and the perpetual hope of our people. Free and fair elections are imperative to the success of business, communities and our beloved country, as a whole. Business leaders have a responsibility to bolster faith in democracy so that opportunity and success are attainable by all." State Business Leaders: Arizona Annette Musa, Arizona Hispanic Chamber of Commerce : “Volunteering at a polling station gave me a deeper insight into the security measures in place. Businesses need to encourage their employees to volunteer, get educated, and help others understand that our elections are safe and their votes are counted accurately.” Neil Giuliano, President and CEO, Greater Phoenix Leadership , former Mayor, Tempe: “Business leaders know that misinformation permeating society is not healthy for democracy, and an unhealthy democracy threatens future economic prosperity. These conversations are important and we are happy to encourage them among all community leaders.” Adam Goodman, Founding Member, Leadership Now Arizona : “People may not always trust CEOs broadly, but they do trust ‘my CEO’. Small businesses have remained credible, and it’s crucial to leverage that trust to communicate the importance of civic engagement.” John Fees, Founder & CEO, GradGuard, Founding Member, Leadership Now Arizona : "As an Arizona business leader, I believe that safe and accessible elections are the foundation of democracy in our state. Having built and led a company here, I understand that the health of Arizona’s democracy and the strength of our economy are deeply interconnected. This election is essential for business leaders to reinforce public trust by supporting election administrators and poll workers who uphold this critical process." Gabe Hagen, CEO , Brick Road Coffee : “Small businesses are the cornerstone of every community, serving as gathering places where people come together and connect. In these shared spaces, we discover that we have more in common than what separates us. For coffee shops like mine and other small businesses to thrive as community hubs, we need stability and trust among our neighbors. A key foundation of that trust is confidence in our democracy.” Gary Haydon, former President and Founder, Haydon Companies : “Misinformation and disinformation are a significant part of the problem, and as business leaders, we need to combat that by providing trusted sources of accurate information.” Dr. Velma Trayham, President & CEO, Black Chamber of Arizona : “Business leaders should stand up for a democracy that works for everyone. Small Business for America’s Future and the Business & Democracy Initiative have released powerful letters that bring this message home—democracy is the backbone of safe, thriving communities and strong local businesses. Now more than ever, we need to protect our institutions and keep our neighborhoods resilient and ready for growth.” Monica Villalobos, President and CEO, Arizona Hispanic Chamber of Commerce : “Business owners play a vital role in protecting democracy by serving as a vehicle to disseminate truthful information on elections and actively discouraging misinformation.” California Carolina Martinez, CEO, California Association for Microbusiness Enterprise Opportunity (CAMEO) Network : "In California and across the nation, a safe and accessible election process is vital for sustaining the democracy that allows our businesses to thrive. Entrepreneurs rely on a stable and transparent system to plan, grow, and contribute to their communities. Protecting this cornerstone of our democracy ensures that California’s small businesses—especially our vibrant micro-businesses—can continue to innovate and succeed, building a resilient economy that reflects the voices and needs of every entrepreneur." Rafael Oscal, Chair/President, Hispanic American Chamber of Commerce: “Our commitment to ensuring the integrity and fairness of the electoral process is commendable and essential for strengthening democracy. By advocating for transparency, the Hispanic American Chamber of Commerce in the Great Coachella Valley underscores the vital importance of every vote and the need to respect our voting system. This initiative not only reinforces the principle that every voice matters but also encourages active participation and civic engagement in the community. Upholding these democratic values fosters a more inclusive and equitable society where individuals feel empowered to contribute to shaping their collective future. Your efforts in promoting diligence and accountability in elections set a powerful example for others to follow, ultimately helping to protect the sanctity of the voting process for generations to come.” John Pleasants, California-based Technology executive and entrepreneur, and Leadership Now Project Member: "Democracy and the rule of law form the backbone of a society built on the ideal of freedom. They also create an environment that enables businesses and the economy to thrive. But the private sector is not merely a beneficiary in this relationship; it plays a crucial leadership role in supporting democratic processes and fostering public trust. This election serves as a strong example of how business can actively contribute to a healthy democracy." Georgia Katrina Golden, Owner, Lil Mama Sweets and Treats : “Protecting the right to vote is more than a political issue; it’s an economic one. Businesses need a reliable and predictable environment to operate effectively. When elections are transparent and the freedom to vote is respected, it creates certainty that can help investments, markets and bolster consumer confidence. For a state like Georgia, which is on track to become one of the largest economies in the country, maintaining a stable democratic process is crucial.” Dr. Lakeysha Hallmon, CEO, Village Market : “When we protect the right to vote, we help small businesses plan for the future. Respecting the right to vote creates certainty and economic growth. Our democratic institutions provide the confidence that entrepreneurs need to invest, innovate, and create jobs. A strong democracy means a strong economy and that will only happen with safe and transparent elections.” Marilyn L. Hemingway, CEO & President, Gullah Geechee Chamber of Commerce : “As an organization that represents underserved communities and beyond in Georgia, North Carolina and South Carolina we know that strong democratic institutions are essential for a strong Main Street economy. We need safe and accessible elections and peaceful democratic processes to maintain the stability that helps local businesses grow.” Melinda Sylvester, Founder/ President and CEO, Greater Georgia Black Chamber of Commerce : “I've seen how political stability directly affects spending patterns. When people feel uncertain about our democratic process, they hold back and small businesses feel it first. We need safe and accessible elections and peaceful transitions to maintain the business environment that allows small businesses to plan ahead, invest, and serve our communities.” Ryan Wilson, CEO & Co-founder, The Gathering Spot : “Business leaders have a unique responsibility to stand for the values that keep our communities strong and our economy stable. As the bedrock of our communities, we have the ability—and the duty—to influence those around us. Our economy is only stable when our institutions are, and it’s morally wrong to remain silent. Good business owners need to support what is fair and just. Supporting free and fair elections is about protecting the foundation that allows businesses and communities alike to thrive.” Lisa Stoner, Chairperson of the Board, Perch Insights, Leadership Now Member : "As business leaders, we understand that a thriving economy is built on trust and stability—principles that only a resilient democracy can provide. A smooth election strengthens that foundation. It is our responsibility to help reinforce trust and ensure the rule of law is followed, fostering the stability that business and our economy need. The prosperity of Georgia and our nation depends on our commitment to uphold the legitimacy of this election." Nevada Peter Guzman, President, Latin Chamber of Commerce of Nevada : “In the United States, we are blessed to have a thriving democracy that is the foundation upon which our communities and businesses thrive. In Nevada and all across this great nation, Hispanic-owned businesses continue to grow, succeed and employ, all while significantly contributing to the United States economy. Ensuring that every citizen can exercise one of our most sacred fundamental rights, the right to vote in a free and safe electoral process, is essential. A transparent election not only upholds our democratic values but also fosters an environment where entrepreneurship and economic opportunities can flourish for all." Cameron Miller, President & CEO, Urban Chamber of Commerce : “Safe and accessible elections create the foundation for economic opportunity in our urban communities. Our chamber members know that business growth requires democratic stability. When our democratic institutions are protected, entrepreneurs have the certainty they need to expand, hire, and invest in our neighborhoods. Safe and transparent elections help ensure our economic progress continues.” Shaundell Newsome, Founder of Sumnu Marketing , Co-Chair, Small Business for America’s Future : "Free enterprise and safe and free elections go hand in hand. Respecting our democratic right to vote creates the stability that helps Main Street businesses succeed. Our ability to create jobs and drive innovation relies on the foundation of trusted democratic institutions." New York Anthony M. Gaddy, Co-Founder & President/CEO, UpState New York Black Chamber of Commerce : “The success of our local economies depends on having election processes that everyone can trust. Respect for the democratic process drives business in our communities. When we allow threats to our democracy, we put the stability that small businesses need to create jobs and serve their communities in jeopardy. We are calling for safe and accessible elections so our economy can continue to thrive and grow. Regardless of party affiliation, it is essential that we all vote with the trust and faith that not only do our votes count, but that they will also be counted. Not only in this most consequential election, but in every election.” Patrick McGinnis, New York-based investor, founding member, Leadership Now Project : "This election is about more than political outcomes; it’s about ensuring the foundations that allow both business and democracy to thrive. Business leaders have a critical role in reinforcing trust in the election process and supporting election officials as they carry out their essential work. By upholding the rule of law and promoting a peaceful transfer of power, we protect the stability and security essential to our society. Patience and respect for the process will be key as the results unfold." North Carolina Dr. Valerie Benton Smith, Regional President, Greater NC Black Chamber of Commerce ( GNCBCC ): "As business leaders, we stand united in ensuring a safe, transparent election where every vote is counted, and every voice is respected. Together, we foster an environment for democracy and prosperity to thrive." Subrina Collier, Owner, BayHaven Restaurant Group : “North Carolina has been named the best state for business in the country, and it’s not hard to see why. Our state is a thriving hub for innovation and entrepreneurship. But our success isn’t guaranteed—it’s built on a foundation of democratic values that ensure transparency, stability, and fair competition. A well-functioning democracy is essential for economic growth and this election season, it’s clear that business leaders have a critical role to play in supporting free and fair elections.” Greg Hatem, Founder & Managing Partner, Empire Properties : “As a longtime entrepreneur in the Triangle, I know firsthand how important it is for the business community to take a leading role in creating and fostering a diverse, inclusive community which best serves consumers and businesses. It's our job to ensure that democracy continues to thrive not only in North Carolina, but across the country. Ahead of November, I encourage leaders in business and economic development to advocate for protecting democracy and free and fair elections.” Michigan Kevin Terrell Heard, Founder, Detroit Regional LGBT Chamber of Commerce : “Every American deserves the right to vote and vote safely, regardless of the candidate or candidates they are supporting. The important action is voting and everyone should feel and be safe while doing so.” Mariyah Saifuddin, President, National Association of Women Business Owners Greater Detroit Chapter : "As women business owners driving Michigan's economy forward through new business creation, we understand that respect for our elections and the right to vote is fundamental to our nation's stability. Political violence and threats to our democratic process put everything we've built at risk. We must ensure our elections remain safe and secure – small businesses can’t thrive in chaos." Ohio Richard A. Stoff, Senior Advisor, Leadership Now Project , and Founding and former President and CEO of the Ohio Business Roundtable: "A strong, transparent democracy is fundamental to Ohio’s business success. When the people of this state know that the election process will be respected, it creates a stable environment where businesses can plan, invest, and grow. Our state’s economic future depends on protecting the rule of law, where every voice and every vote counts.” Anne Zimmerman, Founder & Owner, Zimmerman & Co CPAs Inc. , Co-Chair, Small Business for America’s Future : “The United States built the most powerful economy in the world in no small part due to the stability of our government, which allows entrepreneurs to plan and build a business. We must protect the freedom to cast our ballots freely, safely, and equally, which is key to the economic freedom that allows entrepreneurship to flourish.” Pennsylvania Melanie Marie Boyer, Executive Director, Pittsburgh Metropolitan Area Hispanic Chamber of Commerce & Foundation : “A robust democracy is the bedrock upon which our communities and businesses thrive. In Pennsylvania and across the nation, Hispanic-owned businesses have seen significant growth, contributing to economic vitality. Ensuring that every citizen can exercise their freedom to vote is essential. A safe election and transparent process not only upholds our democratic values but also fosters an environment where entrepreneurship and economic opportunities can flourish for all." Angel Figueroa, Business Consultant, Berks Latino Chamber of Commerce : “We need safe, accessible elections to maintain the stable business environment that allows innovation to grow. Right now, Latino business ownership is growing at the fastest pace in at least a decade. This historic progress depends on strong democratic institutions that create the conditions where diverse business leaders can thrive.” Isamac Torres-Figueroa, Board President, Berks County Latino Chamber of Commerce : “Small businesses are the backbone of our economy, and they need stable democratic institutions to thrive. When we ensure the will of the people is respected, we protect the dreams of countless entrepreneurs who are creating jobs and building our local economies. Safe and secure elections are essential for maintaining the confidence that drives business growth.” Regina A. Hairston, President, African American Chamber of Commerce PA, NJ, DE : "Safe and accessible elections for all create the foundation for economic opportunity in America. When our democratic institutions are strong, we see what's possible – and right now, we're witnessing that possibility as people of color are the fastest growing group of entrepreneurs in small business creation. We need safe elections and the freedom to vote to protect this historic progress.” Walt Rowen, CEO of Susquehanna Glass Company , Co-Chair, Small Business for America’s Future : "For generations, American business innovation has flourished because we could count on respect for democratic processes. Ensuring the will of the people is respected maintains the predictable environment that has made American enterprise a powerful force for opportunity and growth in our communities." Wisconsin Tom Florsheim Jr., CEO at Weyco Group Inc., and founding member of the Wisconsin Business Leaders for Democracy : “As business leaders, we are respected and valued voices in our communities. Many recent studies show that, while the public sometimes tunes out other voices, they often listen to their local business leaders. The upcoming November election could be decided in Wisconsin, where the margins of major elections have historically been razor-thin. In the past, it has taken several days or even weeks for all ballots to be counted. This may happen again this year. Our voices may be needed in the coming weeks to help ensure the will of the people is respected.” Daniel Guerra, Altus, Inc. : “Fair and secure elections are the foundation upon which trust in our institutions is built, and without that trust, our economy suffers. By standing up for these principles, we are not only supporting democracy, but we are also investing in the long-term stability of our communities.” Maysee Y. Herr, Chief Executive Officer, Hmong Wisconsin Chamber of Commerce (HWCC) : “Every American should feel safe going to the polls on the day of elections and have the ability to exercise their freedom to vote. Accessible and fair elections are the fundamental right of every person.” Anoop Prakash, Milwaukee-area manufacturing executive and founding member of Wisconsin Business Leaders for Democracy : “At our core, our country rests on the principle that every American has one vote and that every vote will be counted. Results will be close in many parts of our state, and we must be patient and allow our election officials the time and space to conduct an accurate count. Business leaders must do everything in our power to protect these essential rights and make the promise of democracy real for all of us.” Jason Rae, President & CEO, Wisconsin LGBT Chamber of Commerce : “Our diverse business community understands that economic opportunity flows from democratic stability. When we respect our election systems and the will of the people, we create an environment where every entrepreneur can confidently invest in growth. Strong democratic institutions mean strong businesses, and that’s why ensuring safe elections for all matters to every main street business owner.” Texas Luis A. Rodriguez, President and CEO, San Antonio Hispanic Chamber of Commerce: "Democracy is the backbone of a thriving economy, providing the stability that allows businesses of all sizes, including Hispanic-owned enterprises, to flourish. For Hispanic entrepreneurs, a strong democratic foundation ensures fairness, opportunity, and the freedom to innovate and grow. When democracy is resilient, it creates a reliable environment where Hispanic businesses can scale, plan for the future, and contribute to their communities and our nation’s economic vitality. Protecting democratic principles is not just a civic responsibility; it's an economic imperative that empowers diverse entrepreneurs, secures our shared prosperity, and opens doors for future generations of Hispanic business leaders to be active contributors in American society.” Kelley Taylor, CEO and Co-Founder, Taylor Construction Management : “Voting is a fundamental right and responsibility, and as Texas business leaders, we understand that a healthy democracy is crucial for a thriving economy. By respecting our elections and the will of the people, we ensure a stable foundation for innovation, growth, and opportunity in our communities.” Chris E. Wallace, President/CEO, North Texas Commission : “At the North Texas Commission, we believe that a healthy democracy depends on safe and transparent elections where every voice is heard, every vote is counted, and the process is transparent and respected. The strength of our communities and the future we build together rely on our commitment to uphold these principles. Ensuring fair, accessible, and peaceful elections isn’t just a priority—it’s a cornerstone of our democratic values and a testament to the trust we place in each other." Other Economic Leaders In recent weeks, other business leaders echoed these sentiments: Joshua Bolten, CEO, Business Roundtable : “Voting is a fundamental right of American citizens. The strength of our nation’s democracy and the stability of America’s economy depend on free and fair elections. As voting in the 2024 election continues, Business Roundtable strongly encourages all eligible citizens to vote. Our members are committed to helping by providing flexibility for workers to vote and volunteer at polling locations across the country. It can take time to finalize election results, and we urge all Americans to respect the processes set out in federal and state laws for electoral determinations and an orderly transition.” ( Link ) Jim Doyle, President, Business Forward : "For generations, Americans have worked together despite our differences. That commitment has attracted investment, created jobs, boosted incomes, and built fortunes. Business must stand up for the rule of law." Monica Guerra, Head of Policy, Morgan Stanley Wealth Management: “Election years tend to bring cross-asset market volatility, and 2024 may be particularly volatile given the potential for delayed election results, macroeconomic pressures, and geopolitical concerns. While economic indicators provide a lens into voter sentiment, the integrity of the election process remains foundational for economic stability.”​ ( Link ) Jay Timmons, President and CEO, National Association Of Manufacturers : “Some question whether democracies can be resilient and thrive in the modern world. That’s why part of manufacturers’ job as business leaders is to help bolster our institutions in this time of uncertainty, to make the system rooted in freedom function even better and to demonstrate that it is superior, both practically and morally. Our democratic, free enterprise system may not be perfect, but it has done more to improve the standard of living for humankind than any system in history. We know it has lifted people up from oppression and poverty, helping create solutions to life’s problems while allowing billions to build lives of their own choosing.” ( Link ) ### About the Business & Democracy Initiative The Business & Democracy Initiative is a partnership of business leaders dedicated to protecting our elections and rebuilding trust in democratic institutions, because we know that a strong democracy is the cornerstone of a dynamic and inclusive American economy. The Business & Democracy Initiative's founding partners are top business leaders and advocates: the Black Economic Alliance, the Leadership Now Project, and Public Private Strategies. We engage stakeholders across all levels of business to advocate for reforms that strengthen our democracy. As the health and stability of American democracy continue to be under serious threat, the business community is a critical voice in the fight to preserve our free, open, and democratic system.
November 2, 2024
WASHINGTON – This week, the Business and Democracy Initiative (BDI) hosted two briefings featuring former Treasury Secretary Robert E. Rubin and former American Express CEO and General Catalyst Chairman Ken Chenault discussing the critical role of businesses in protecting American democracy and implications for business owners - one event was national with over 700 registrants and the other was focused on Pennsylvania with over 300 registrants. These briefings build on BDI’s ongoing work that underscores how business leaders can lead by example and support a thriving democracy and economy. “As business leaders, we understand the value of stability and trust—and this election is fundamentally a choice between chaos and stability for our country,” said Ken Chenault, Chairman of General Catalyst and former CEO of American Express. “The business community must continue to take a stand, recognizing that without a strong democracy, American business cannot thrive. This is not a political or partisan issue; it’s about upholding democratic principles that transcend party lines and sustain our economy and society. I am proud of the business leaders stepping forward to ensure a secure, fair election process for all Americans.” “Business leaders have experienced firsthand the impacts of democracy becoming increasingly politicized. Rather than viewing democracy through a partisan lens, we should treat it as a shared value that both Democrats and Republicans can coalesce around –– that’s been the foundation of our nation for over 250 years,” said Robert E. Rubin, former U.S. Secretary of the Treasury. “We must recognize and combat the damage that politicizing democracy does, much like what we’ve seen with the idea of patriotism. Beyond this election, it’s crucial for business leaders to step up, engage with government and reinforce the democratic principles that support our society and economy.” “The business community stands united in its commitment to protect democracy as a cornerstone of economic stability,” said Daniella Ballou-Aares, CEO of Leadership Now Project. “We’ve already seen strong, proactive leadership from business leaders, especially in closely contested states like Wisconsin and Arizona, who are reinforcing respect for the election process and support for election officials. This election season, hundreds of business leaders have taken public stands, signed calls for safe and secure elections, and engaged their networks to uphold the rule of law. Together, we’re demonstrating that respecting the democratic process is the most important economic policy we can promote.” “Economic opportunity is closely tied to the strength of our democracy. When democratic rights are at risk, it’s often the most vulnerable communities who bear the burden. We must ensure elections remain accessible and fair so that Black communities –– and all communities –– can shape a more equitable economic future,” said Samantha Tweedy, CEO of the Black Economic Alliance. “Despite a polarized climate, CEOs and business leaders are stepping up as trusted voices, ready to make a meaningful impact on the stability of our democracy and economy. The hundreds of business leaders who joined us demonstrated the strong commitment of the business community to act decisively in support of our democratic principles this November.” “As we approach one of the most important elections of our lifetime, leaders like Robert Rubin and Ken Chenault are underscoring the vital role of the private sector in safeguarding democracy,” said Rhett Buttle, Founder and CEO of Public Private Strategies. “Business leaders are trusted voices in their communities, and we know they care deeply about both the economy and democracy. Together with the Black Economic Alliance and Leadership Now Project, we’re building a coalition of business leaders dedicated to protecting democratic institutions and ensuring safe, secure elections. In this pivotal election season, we’re committed to ensuring that business voices remain central in defending democracy and economic resilience.” The briefings come as the business community — including 500 small business owners, over 150 business leaders, and more than 20 leading business associations led by BDI and its founding partners — has pledged to speak out against political violence to protect our democracy and economy. The pledges urge fellow business leaders to protect our elections this November by promoting civic engagement, supporting voter education, and publicly condemning political violence. ### About the Business & Democracy Initiative The Business & Democracy Initiative is a partnership of business leaders dedicated to protecting our elections and rebuilding trust in democratic institutions, because we know that a strong democracy is the cornerstone of a dynamic and inclusive American economy. The Business & Democracy Initiative's founding partners are top business leaders and advocates: the Black Economic Alliance, the Leadership Now Project, and Public Private Strategies. We engage stakeholders across all levels of business to advocate for reforms that strengthen our democracy. As the health and stability of American democracy continue to be under serious threat, the business community is a critical voice in the fight to preserve our free, open, and democratic system.
October 24, 2024
*This webinar is hosted by Business for America. Political violence is on the rise in the United States, affecting people at every level of the political process, from the president to Congress to poll workers to voters — but there are proven strategies to counter it. As the election draws near, how can the business sector help prevent and respond to political violence? Join us on October 29th from 3–4pm ET for an important conversation to discuss the causes of political violence both here and abroad, understand the the risks relating to the 2024 election, explore strategies to prevent violence from becoming an accepted social norm, and get messaging and resources to help you take action in response to threats or breakouts of election violence. You’ll learn how to: • Support your employees by communicating with them about the risk of election violence • Set clear guidelines within your company around political speech and threatening language • Speak out publicly against violent rhetoric to the media in the communities where you operate • Build a custom strategy that fits the culture of your company or organization • Contact public officials, candidates, election officials, and local law enforcement to express support for actions to address violence • Join efforts to ensure that political violence backfires on malign actors Speakers: • David Becker, president of the The Center for Election Innovation & Research • Hardy Merriman, president of the International Center on Nonviolent Conflict • Chad Sweet, co-founder of The Chertoff Group and Co-chair of YPO Democracy Group’s Coalition of Business Organizations Committee Combating political violence requires strong leadership from all sectors of our society. The business community must do its part. Register here.
October 18, 2024
Over 20 of the leading business associations and organizations have come together to urge public officials and business leaders to stand up for democracy and support a safe and secure election process this fall. Read the full letter below.
October 17, 2024
*This webinar is hosted by Business for America. Election Day and the vote counting process are looming, and likely to be at turns unpredictable, confusing, and frustrating. What can your company or organization do to support your employees and members through the coming weeks and months? Join Business for America along with experts from the Brennan Center for Justice who will share insights and recommendations on how to be a trusted source of validated information.We have curated the best resources for this timely, action-oriented session for you to be trusted source of information. We’ll give you the tools you need to support employee voting, plan for Election Day through the inauguration, and prevent confusion from misinformation and legal challenges during the counting and certification steps. You will learn: The Roadmap to the Count: We’ll have a step-by-step review of the process and rules that states are obligated to follow when managing, counting, and certifying votes The Risks & Threats Ahead: Learn about election milestones where businesses can help employees to distinguish fact from fiction, spot deepfakes, and respond to threats of violence and other disruptions How to Be a Trusted Info Source: We’ll provide templates and nonpartisan messaging that your company can employ to encourage voter turnout, address incorrect information, and build confidence in the election process Don’t miss this opportunity to get the tools you need to navigate the road ahead. Leaders in public affairs, legal, communications, employee engagement, corporate impact, and similar roles will benefit the most from this urgent conversation and resources. Register here.
October 16, 2024
*This podcast is part of Business Forward. EPISODE DESCRIPTION In this episode, Business Forward welcomed former U.S. Secretary of Treasury Robert Rubin and Ken Chenault, Chairman and Managing Director of General Catalyst and former Chairman and CEO of American Express, for a briefing on the damage the outcome of this election could do to America’s economy and our global competitiveness. Listen here.
October 14, 2024
*This event is sponsored by Leadership Now Project. Join us for a virtual briefing where we’ll discuss a range of innovative strategies to boost civic engagement ahead of the election. These include the NFL’s efforts to get out the vote, the U.S. Postal Service using their 32,000 retail locations to register voters, and Day for Democracy encouraging CEOs to give employees time off to vote. Leadership Now business leaders are at the forefront of these initiatives, and you’ll have the opportunity to learn more and discover how you can get involved. Register here.
October 10, 2024
*This podcast is part of Business Forward. EPISODE DESCRIPTION In this episode, Business Forward welcomed former U.S. Secretary of Commerce Penny Pritzker and Dr. Jeffrey Sonnenfeld, Senior Associate Dean for Leadership Studies & Lester Crown Professor in the Practice of Management at the Yale School of Management, for a briefing on our economy and the rule of law, our safe harbor advantage, and the cost of losing it due to political chaos and a reckless presidency. Listen here.
October 7, 2024
*This event is sponsored by Civic Alliance. From mail voting to Inauguration Day, learn about what to expect during each phase of the 2024–25 U.S. general election season. In this educational briefing, the National Task Force on Election Crises will cover how elections are run and offer key messages that business leaders can use in communicating with their audiences. The virtual roundtable will also include a Q&A portion. Register here.
October 4, 2024
*This article was written by The NewDEAL. Last month, the NewDEAL Forum’s Democracy Working Group met with election officials and democracy experts to discuss strategies for safeguarding the election process, including the need for long-term election security planning, coordinated response to misinformation, transparency, voter education, addressing ongoing voter suppression and eligibility threats, and managing post-election challenges. In our recent blog post on Medium, we detail the conversation with NewDEALers Michigan Secretary of State Joceyln Benson, New Mexico Secretary of State Maggie Toulouse Oliver, and Oregon Treasurer and candidate for Secretary of State Tobias Read; along with DNC Director of Voter Protection Jake Kenswil and Executive Director of All Voting is Local Hannah Fried. Read the entire piece on Medium.
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