Investing in American Means Investing in its Small and
Microbusinesses By: Richard Eidlin In his State of the Union
speech, President Obama focused on investing to create the,
infrastructure, work environment and skills for good jobs and a
thriving middle class. But, do you know how most jobs get
created in America? The answer is small and microbusinesses. As
the Kaufman Foundation has noted, the majority of jobs created
in the US are done so by companies with 50 or less employees.
There are more than 25.5 million microbusinesses – 90 per cent
of all businesses – in the US, employing more than 31 million
people and generating $2.4 trillion in annual receipts. With
many of the largest companies sitting on trillions of dollars in
cash, rather than investing it and the jobless rate close to 8%,
it’s now time to fully acknowledge the vital role that small and
microbusinesses play in stimulating economic activity. The
problem is that small businesses receive much lip service but
little action from policymakers. Mo