June 29 (Reuters) – While the long-term fundamentals of our
economy remain strong, America is struggling to recover from
the great recession. With unemployment rising to 9.1 percent in
May, we need more jobs, and we need them now. The good news is
that we can create them by encouraging more small businesses
and entrepreneurs to compete and win in the global economy.
Here’s the reality today: two out of three new American
jobs are created by companies less than five years old. Small
and medium-sized enterprises (SMEs) are powerful — indeed
essential — engines of economic growth and job creation, not
to mention tax revenue.