A Working Paper by Major L. Clark, III and Radwan N. Saade
Office of Advocacy U.S. Small Business Administration Release
Date: September 2010 The statements, findings, conclusions, and
recommendations found in this study are those of the authors and
do not necessarily reflect the views of the Office of Advocacy,
the United States Small Business Administration, or the United
States government. The Role of Small Business in Economic
Development of the United States: From the End of the Korean War
(1953) to the Present Major L. Clark, III and Radwan N. Saade A
government can use its financial strength to acquire goods and
services, while at the same time watering many sources to
improve the health, welfare, and security of its population.
Economic development has been evasive to a significant section
of the U.S. and federal programs have attempted to remedy the
disparity (ies). We contend that small business is an engine of
economic growth and job creation; and that not tapping it delays
rather promotes growth.