Saturday, May 16, 2009
Stimulus and the small enterprise
There are hundreds of thousands of small enterprises with less than 1,000 employees around the country being devasted by the current economic crisis. Many were healthy ongoing concerns. Many were probably already uncompetitive. Regardless, even the healthiest of these businesses are being threatened. Yet, we have heard precious little how credit availability will be enhanced, business and capital gains taxes will be eliminated, mandated healthcare and unemployment costs will be reduce for them. Instead, that loud sucking sound we are hearing in Washington (employment is projected to increase by 2.4% inside the Beltway) is drawn from the lifeblood of the small enterprise. Meanwile, millions of jobs created and sustained by these enterprises are at risk.