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Democrats know that small businesses are the engines that drive our economy. From family-owned restaurants to high-tech startups, entrepreneurs and small-business owners are crucial elements of our communities and our economy. They “represent the essence of the American spirit.” Despite recent Republican obstructionism, Democrats have continued to champion issues important to small businesses and have worked to expand access to resources that will enable greater success.

Historically, small businesses have generated two-thirds of all new American jobs. They represent an enormous boon to our economy, and their success is critical to America’s economic recovery. That’s why Democrats have fought to remove barriers that stand in the way of small businesses—helping more small businesses to get off the ground, expand, and hire new workers.

Government cannot ensure a business’s success, but it can foster the conditions that support hiring of new workers by providing tax relief and increasing the availability of Small Business Administration (SBA) resources. President Obama has cut taxes for small businesses no fewer than eight times, and at President Obama’s direction the SBA has already administered more than 70,000 loans for businesses, providing those businesses with the capital they need to invest and grow.

Under the Recovery Act, businesses that hire previously unemployed workers can receive tax cuts, and they also can write off the purchase of new equipment. In addition, many small businesses are eligible under the historic Affordable Care Act for tax credits to offset the costs of insuring employees.

Recent Updates
  • Growing Small Businesses

    Today marks the start of Small Business Week — a time when we celebrate the thousands of small business owners across our country and recommit ourselves to giving them the support they need to grow and create jobs. These men and women not only employ nearly half of all American private sector employees, they are the economic engines that drives our country forward.That’s why from the moment President Obama stepped into the Oval Office, he made small businesses a top priority.

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  • Supporting Latina-owned businesses

    As we celebrate Women's History Month, it is important to highlight the strides our nation's Latina entrepreneurs have made in recent years. Latina-owned businesses are the fastest-growing segment among women-owned enterprises—starting companies at six times the national average. Their businesses alone contribute an average of $56 billion to America’s economy each year.

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  • We need immigration reform

    Women’s History Month is an opportunity to focus on the many women who have immigrated here and forged the nation we know today, including the first female U.S. Secretary of State, Madeleine Albright; Dr. Rita M. Rodriguez, the first woman to teach at Harvard Business School; and Maya Lin, the architect of the Vietnam Veterans Memorial in Washington, D.C. While the achievements of these women are significant, women’s history also includes the unnamed women who advanced the course of our country.

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  • Ohio small business stands with Barack Obama

    President Obama calls small businesses the backbone of our economy, and he's made good on his word: The Obama administration has helped more than 5,000 African American business owners secure more than $1.5 billion in Small Business Administration loans. Under President Obama's watch, minorities who want to start their own business have had greater access to the tools and resources they need to do so.

    President Obama calls small businesses the backbone of our economy, and he's made good on his word: The Obama administration has helped more than 5,000 African American business owners secure more than $1.5 billion in Small Business Administration loans. Under President Obama's watch, minorities who want to start their own business have had greater access to the tools and resources they need to do so.

    Keitha is an example. In July, she opened the doors to My Own Soul, a restaurant in Toledo that serves local food, made to order. Business is good, she says, and it's only picking up as our economy continues to recover.

    "I think that Obama has to stay in business," she says. "He's paved the way for small-business owners like myself—all the money that he's put into different grants and tax cuts. If he stays in office, it'll only get better, for me and for the generations after me who want to be business owners and entrepreneurs. Mitt Romney, I don't think he's for small business at all‹or entrepreneurship, finding a way for people who are coming from nothing to try to make something."

    She's doing her part to make sure the Obama administration does stay in business. Along with soul food, she hands out voter registration forms to her customers. To date, she's registered 1,0­13 new voters in Toledo, and she's urging everyone to make their voices heard by voting in this election.

    "We gotta get out," she says, "and we gotta vote."

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Small Business Community
GOP Sequester: Track the Impact
Recent Action
SBA and USDA Unite to Expand Loans for Rural Business
June 19, 2013
The White House Rural Council has worked with The Small Business Administration and the United States Department of Agriculture to further support and encourage rural small business by making loans, counseling and training more available.
Obama Administration Makes Tax Deduction Easier to Claim
January 15, 2013
Small business owners will find it easier to take advantage of the home office tax deduction that can save them up to $1,500 a year.
American Taxpayer Relief Act Keeps Taxes Low
January 2, 2013
As President Obama promised, the bipartisan legislation keeps income tax rates low for 97% of small businesses.
Milestones