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Driving the Economy: National Small Business Week

economic_recoveryPresident Barack Obama proclaimed May 23-29, 2010 as the 47th annual National Small Business Week. This year, around 27.2 million small businesses in the country are being honored. During the midst of one of the worst economic recessions in our history, this week is a reminder that small-business owners are among the hardest hit.

National Small Business week is also a reminder that small businesses can be used to drive the economy to recovery, and this administration is dedicated to do just that.

“In these difficult times, we must do all we can to help these firms recover from the recession and put Americans back to work. Our government cannot guarantee a company’s success, but it can help create market conditions that allow small businesses to thrive,” Obama said in his presidential proclamation of Small Business Week.

This year’s National Small Business week started off at the Mandarin Oriental Hotel in Washington, D.C., with a keynote address by the SBA Administrator Karen Mills. The day’s activities followed with an awards luncheon, two different forums on innovation and taking businesses global and an evening reception May 24.

Yesterday, there were several more awards were given out that honored procurement award winners and state small business winners. There was also a social-media forum and Champion Award Winners Gala. Obama met with award winners at the White House.

Small businesses account for 60 to 80percent of new jobs and contribute to boosting our economy. Obama said: “This week, we celebrate the role of entrepreneurs and small businesses in our national life. They are the engine of our prosperity and a proud reflection of our character. A healthy small-business sector will give us vibrant communities, cutting edge technology, and an American economy that can compete and win in the 21st century.”

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