Washington spends a lot of time talking about the importance of small businesses – but not nearly enough time passing legislation that actually helps small businesses grow and thrive.
Small businesses create two-thirds of all new jobs, and have supported 55 percent of all jobs since the 1970s. In cities hit hard by the recession, like Detroit, small employers have been particularly vital in rebuilding struggling neighborhoods. And, entrepreneurs continue to be leaders in innovating and finding better ways to solve old problems.
Clearly, small businesses are crucial to keeping our economy humming and our communities strong. Yet, Washington is more focused on paying lip service to small businesses than actually passing policies that help them thrive.
The level of inaction in Washington is stunning.
The relief among pundits, news hounds and politicians was palpable when insiders announced last week that Congress is expected to pass a temporary funding bill to keep the government open past the end of the month.
Don’t get me wrong. We all are happy to avoid another government shutdown. But, when did the bar dip this low? How is it possible that agreeing to keep the government running for a few more weeks is treated as a victory of governance when our economy is limping along?
After enduring a paralytic Congress more concerned about re-election than governing the nation for years, small businesses have had enough. Continue reading
For the first time in years, economic indicators are signaling better times ahead for small businesses. This would be good news anytime, but it’s especially gratifying now, during National Small Business Week, when the country is focusing on the American entrepreneur and the work they do all year to fortify our economy.
Small business optimism is at its highest level since 2008, according to the most recent Wells Fargo/Gallup Small Business Index, and the latest jobs report shows unemployment fell last month to its lowest level since 2008, as well. These reports are promising, but there’s still more that can be done to continue building economic momentum.