The
Kauffman Foundation completed a recent study which overviewed the following historical information:
- From 1980-2005 almost ALL new jobs were created by small businesses less than five years old
- National Federation of Independent Businesses states 85% of US workers are employed by small business
I can absolutely assure you small business entrepreneurs are on the sidelines unless and until:
- Credit is reasonably available
- Tax policy is clear and favorable to small business growth
- Healthcare craziness is settled
Therefore, unless and until small businesses are encouraged and incentives are available such as favorable individual tax policy (most small business are owned in a personal tax treatment environment) there will be no significant recovery, because there will be no sustained jobs growth!
Larry Jensen
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