Press Releases

NASE: Gov't Shutdown Hurts Small Business

Washington, D.C., April 7, 2011 - Kristie Arslan, Executive Director of the NASE, released the following statement as the threat of a Government shutdown looms and its potential effect on America’s small business community:

“A Government shutdown is a win for nobody – especially America’s small business community,” said Arslan. “The Government shutdown will send ripple effects throughout the economy. With small business loans and tax refunds stopped dead in their tracks, the small businesses that are so critical to our communities and our nation will be unable to grow or reinvest in their business.  Our smallest businesses – the self-employed – will be impacted worse than most because many count on the infusion of capital they receive from their annual tax refund. I encourage President Obama and Congress to work together to ensure our Government stays open and a compromise on our federal budget is reached.”

President Obama’s recent remarks earlier in the week from Pennsylvania regarding a Government shutdown and its potential effect on small business:

“When government shuts down, it means that that small business owner who’s waiting to get a loan, suddenly nobody’s there to process it.  He may not get that loan and that business may not open.  And whoever he was planning to hire, suddenly he may not have that job that he was counting on.”