New Capital Access Effort Passes Committee
May 24th, 2010 | By Dawn Rivers | Category: PodcastsSo, yeah, it’s Small Business Week.
Are you excited?
Last week, President Obama signed the relevant proclamation, which proclaimed, in part:
In this year’s State of the Union address, I proposed creating a $30 billion lending fund to help increase the flow of credit to small businesses, and I call on the Congress to pass this legislation quickly. My Administration is also working to extend and enhance Small Business Administration programs that have helped small business owners acquire loans and hire workers.
This week, we celebrate the role of entrepreneurs and small businesses in our national life. They are the engine of our prosperity and a proud reflection of our character. A healthy small business sector will give us vibrant communities, cutting-edge technology, and an American economy that can compete and win in the 21st century.
Because never let it be said that a president lost an opportunity to pat himself on the back — presumably because nobody else ever wants to do it, right?
So, this week’s news includes the latest effort to spur small business lending (likely to be fairly useless for most microbusinesses) and the latest dynamic jobs data from the Bureau of Labor Statistics, showing that small businesses — including microbusiness employers — really were creating jobs during the third quarter of 2009, just like everybody said they wanted them to.
All this and another Policy Matters column, too.
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