Small Business Saturday Message From the President
Wednesday, November 23, 2011
Posted by: Matthew Boyle
I send greetings to all those
participating in Small Business Saturday.
From the mom-and-pop storefront
shops that anchor Main Street to the high-tech start-ups that keep America on
the cutting edge, small businesses are the backbone of our economy and the
cornerstones of our Nation’s promise. These
businesses create two out of every three new jobs in America, helping spur
economic development in communities across our country and giving millions of families
and individuals the opportunity to achieve the American dream. By supporting small businesses, we keep our
local economies strong and help maintain an American economy that can compete
and win in the 21st century.
My Administration is
committed to helping small businesses drive our economy toward recovery and
long-term growth. I’ve signed into law
18 tax cuts for small businesses, including large tax credits for hiring
unemployed veterans as part of my American Jobs Act. Also, we just had an all-time record year
with SBA loans, providing about 60,000 small businesses with over $30 billion
in lending support.
Business Investment Companies, we helped provide 1,000 high-growth businesses
with $2.6 billion more in capital. And, we launched Startup America, an
initiative to strengthen access to even more capital and mentoring while
reducing barriers to growth for small businesses. Through these and other
initiatives, we are supporting the entrepreneurs and small businesses that are
the engine of our prosperity and a proud reflection of our Nation’s character.
America was built on the hard
work and creativity of our people. On
this occasion, we reaffirm our support for America’s small business owners and their
staff, and we celebrate the proud tradition of entrepreneurship they represent.