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Monday
Jan312011

White House Launches Program to Benefit Business Startups

Photo Courtesy - Getty Images(WASHINGTON) -- On Monday, the White House launched “Startup America,” a campaign to get entrepreneurs and small businesses to turn innovation into jobs.

The campaign aims to “knock down barriers” in the path of those wanting to start a business.

“Entrepreneurs embody the promise of America: the belief that if you have a good idea and are willing to work hard and see it through, you can succeed in this country,” President Obama said in a paper statement. “In fulfilling this promise, entrepreneurs also play a critical role in expanding our economy and creating jobs. “

“Startup America” is intended to run as an independent and private-sector led campaign to “mobilize private sector commitments.” Steve Case, co-founder of AOL and chairman of the Case Foundation, will chair the partnership, and Carl Schramm, president and CEO of the Kauffman Foundation will be a founding board member.

“If you just go get the Fortune 500 list, it's quite clear that some of the biggest employers in the nation, some of the fastest-growing companies that employ tens or even hundreds of thousands of people, started in somebody's garage as just an idea that they had, and they went from there,” Austan Goolsbee, Chairman of the Council of Economic Advisers said Monday. “Ultimately it's the creation of new ideas that keep America the premier economy in the world.”

The White House will hold a number of events this week specifically focused on innovation, including President Obama’s visit to an energy-efficient building lab in State College, Penn., on Wednesday.

Copyright 2011 ABC News Radio







ABC News Radio