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News & Press: Administration News

The White House to Celebrate Small Business Week

Thursday, May 3, 2012  
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The week of May 20, 2012, our nation's small business owners will come together online and in Washington, D.C. for National Small Business Week. Hosted by the U.S. Small Business Administration (SBA), the event includes educational forums, networking sessions and an awards ceremony recognizing the impact made by outstanding American entrepreneurs and small business owners in 2012. The free educational forums this year cover topics like small business exporting, social media tips and best practices and how to win federal government contracts.

As part of the celebration, SBA has also launched the National Small Business Week Video Contest giving small business owners and entrepreneurs an opportunity to share their success stories and help to inspire others.

Three winning videos will be featured during National Small Business Week and shown during a Google+ Hangout hosted by SBA Administrator Karen Mills and the White House on May 23. Qualifying videos that don't win will be showcased on SBA's YouTube page. The deadline for video submissions is May 11.

Start Doing: Register for National Small Business Week and enter the National Small Business Week Video Contest.



Nearly 300,000 Summer Jobs and Other Employment Opportunities for Youth

Yesterday, Secretary Solis joined Mayor Nutter at Philadelphia's City Hall to announce that the Administration has secured additional commitments from 95 companies and non-profits, three cities, two federal agencies and the White House to provide 110,000 new summer jobs and other employment opportunities for low-income and disconnected youth this year as part of the Summer Jobs+ initiative for a total of nearly 300,000 opportunities. Employment opportunities include 90,000 paid jobs and thousands of mentorships, internships and other training opportunities.

The Administration will also launch the Summer Jobs+ Bank, a new online search tool to help connect young people to jobs, internships and other employment opportunities this summer and year round.

Start Doing: Make a commitment to youth this Summer by participating in the Summer Jobs+ Initiative.


President Obama Continues Fighting for Students and Future Business Leaders

President Obama continued to call on Congress to prevent student loan interest rates from doubling. Last week, the President visited colleges in Iowa, Colorado, and North Carolina, where he continued to call on Congress to prevent student loan interest rates from doubling. He also made an appearance on Late Night with Jimmy Fallon, where he said that now is not the time to make school more expensive for our young people.

If Congress does not act before July 1st, interest rates on student loans will double for 7.4 million students. The President knows that for each year Congress allows the rate to double, the average student with these loans will rack up an additional $1,000 in debt, having a devastating impact on future business leaders and small business owners. That's unacceptable. Keeping these rates low is not only good for students -- it's good for the economy.

Start Doing: Raise your voice and reach out to your networks if you agree that student loan rates should not double on July 1. On Twitter and Google+, use the hashtag #DontDoubleMyRate. Learn more about the President's proposal here.


Get Updates

To stay up to date on the Administration's most recent business initiatives and other economic news, please visit the White House issues page or the Economy blog. Also, be sure to check out the Champions of Change blog, which features stories about innovators and entrepreneurs who are working to spark economic growth and create jobs across the country.


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