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Monday
May162011

White House Releases Small Business Report

Stockbyte/Thinkstock(WASHINGTON) -- To kick off National Small Business Week, the White House on Monday released a report touting the Obama administration’s investments to support small businesses.
 
“Small businesses are the backbone of our economy and the cornerstones of our communities. They create two of every three new jobs in America, spur economic growth and spark new industries across the country,” Obama said in a written statement.  “We will continue to create new incentives to help small business owners hire new workers, promote growth and do what America does best -- invest in the creativity and imagination of our people.”
 
The report, entitled “The Small Business Agenda: Growing America’s Small Businesses to Win the Future," highlights seven areas in which the administration has worked over the past two years to help small businesses create jobs, including 17 tax breaks through the Recovery Act, $53 billion in lending support and nearly $100 billion in federal contracting dollars.
 
“There’s very little question that small business is now once again contributing to job creation and to helping to lead a job recovery,” director of the National Economic Council Gene Sperling told reporters Monday afternoon. “We feel very strongly we’ve come a long way and that this economy still has a lot further to go. We’re proud of the positive impact the president’s comprehensive policies on small business have had but we’re not satisfied. We’re not done yet. We’re going to stay at it and keep working on this,” he said.
 
Looking ahead,  Small Business Administration Administrator Karen Mills said small businesses are the key to winning the future. “When we talk about out-building and out-competing and out-innovating the rest of the world, we are talking about doing it through America’s small businesses,” she said on the call.
 
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