Obama Set to Help Small Business

Filed in archive Misc. on March 17, 2009

PE Hub had a story today on the Obama Administration's plans to help small businesses.

U.S. President Barack Obama will announce steps on Monday to make it easier for small business owners to borrow money, using $730 million in stimulus funds to cut lending fees, boost loan guarantees and expand other programs, officials said.

"We know that small businesses are the engine of growth in the economy," said Christina Romer, chair of the White House Council of Economic Advisers. "We absolutely want to do things to help them."

The article goes on to talk about how 70% of new jobs over the past 10 years came from small businesses. The plan is to free up more credit for small businesses. We'll see...


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