NASE Blogs

NASE at NSBW Awards

Friday, May 28, 2010
Posted by Molly Nelson - As part of National Small Business Week (NSBW), the SBA honors the top small businesses from across the nation. Earlier this week, President Barack Obama honored these award recipients and made remarks on the state of small business in America. The NASE's General Counsel, Mike Beene, attended the event in the Rose Garden. Here are some of his thoughts about the event:

Some days renew your enthusiasm to fight for the self-employed. I had the privilege of attending a Rose Garden reception where President Obama recognized this year's National Small Business Week small business award winners for each state.

It was so inspiring to hear about these many small business owners, all from different places and with different businesses and passions, but all hard working Americans. I truly believe that our entrepreneurs are our country's true strength, and I think it is good for the President to be reminded of the importance of small business.

While the President lauded small business owners for "contributing to the success of this country’s economy...[and the] country’s continued growth and prosperity," he also acknowledged the difficulties that small business owners have been facing recently, noting that:

"...small business owners have also been the hardest hit by this recession. From the middle of 2007 through the end of 2008, small businesses lost 2.4 million jobs. And because banks shrunk from lending in the midst of the financial crisis, it’s been difficult for small business owners to take out the loans they need to open up shop or to expand. For those who do own a small business, it’s hard to finance inventories, make payrolls, or to do that additional work that could make your business grow."

President Obama stated that,"government can’t create jobs, but it can help create the conditions for small businesses to grow and to thrive and to hire more workers." The President continued to express his hope that recently passed legislation such as tax cuts for hiring unemployed workers, larger tax write offs for investments in new equipment and health care tax credits will help take some of the burden off of small business owners.

President Obama went on to say that he is calling on Congress to pass a small business jobs package as soon as possible, with provisions for tax relief, SBA loan program expansions, and two lending initiatives - the $30 billion Small Business Lending Fund to help small community and neighborhood banks increase small business lending and a new state small business credit program to expand private lending for small businesses and manufacturers.

The NASE is a staunch supporter of the SBA loan programs, as well as efforts to provide tax relief and increase lending to small business owners. I hope that the President and Congress are able to pass a small business bill that will truly assist the most important part of the small business economy: the self-employed and microbusinesses.


Click here to read the President's full remarks.

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