Small Business Finance News
Obama Announces National Entrepreneurship Week
Written by Jenna Weiner
Published: 11/17/2010
Special events taking place throughout the week to honor small business owners
Entrepreneurs are getting some much-needed attention from one of the most influential leaders in the world - the President of the United States.
President Barack Obama made news for small business recently when he announced that November 14 through November 20, 2010 would be National Entrepreneurship Week and called on citizens everywhere to join in the festivities. In a statement, the president said that entrepreneurs were the "engine of our nation's economy" and that businesspeople helped the country compete on a global scale.
Obama also added that his administration had taken steps to help those interested in starting their own companies.
"As we emerge from a historic economic recession, my administration has taken decisive action to accelerate growth and remove barriers for entrepreneurs and small business owners to grow, hire, and prosper," the president said in his statement. "At a time when small business lending standards had tightened considerably, the American Recovery and Reinvestment Act helped the Small Business Administration work with lenders to provide critical SBA loans."
Many pro-business groups have taken the president to task over a pending trade agreement. The New York Times reports that Chamber of Commerce president Tom Donohue plans to call on the Obama administration to pass the Korea-U.S. Free Trade Agreement, which has yet to be signed.
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