Today kicks off Small Business Week at the White House – the beginning of a week-long focus on the 27 million American small businesses, their economic footprint, and the administration’s efforts to help them grow.
Setting the stage for the week’s discussion, Small Business Administrator Karen Mills laid out seven areas in which the administration has helped small businesses:
- 17 tax breaks for small businesses through the Recovery Act, the Small Business Jobs Act and other laws;
- $53 billion in SBA lending support for 113,000 small businesses at a time when traditional lending was frozen;
- Nearly $100 billion in federal contracting dollars annually going to small businesses, with a new tool to help women-owned firms;
- Support for small businesses to export their products and help meet the National Export Initiative’s goal to double exports in coming years;
- Free and low-cost counseling to more than 2 million entrepreneurs and small business owners;
- Targeted mentoring and growth capital for high-growth small businesses – the biggest job creators – through new efforts like Startup America; and
- More stability and protection in financial markets as well as work to reduce regulatory barriers and costs.
Click here to learn about Small Business Week events, and be sure to check back in the days ahead for further updates and interesting information. Also, you can check out progress.democrats.org to learn about the dramatic affect President Obama’s policies have had on small businesses in your community.