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John Arensmeyer

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Mark Hodesh

Mark Hodesh
Downtown Home and Garden
Ann Arbor, MI

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Jobs and Lending


Small Business Majority Economic Policy Recommendations

In the aftermath of the Great Recession, the United States is left staring at a bleak landscape: An employment crisis along with an imbalance in government spending and revenue. Job growth is nonexistent, demand for services is weak, sales are slow, the stock market is gyrating wildly and consumer confidence is feeble. Looming over these problems is the specter of a double-dip recession. Many are left wondering whether there is a way forward.

There is a path out of this economic quagmire, and it runs down the Main Streets of America. The following documents outline Small Business Majority's policy recommendations to help rebuild our economy.

A plan for small business growth and economic recoveryA plan for small business growth and economic recovery
October, 2011 - Small Business Majority
Policies that will put small business to workPolicies that will put small business to work
October, 2011 - Small Business Majority


Small Business Jobs and Credit Act

On Sept. 23, 2010, President Obama signed into law the Small Business Jobs and Credit Act of 2010— bipartisan legislation that tackles some of the fundamental problems small business owners currently face, including a lack of access to loans and a heavy tax burden. Since the financial meltdown in 2008, small business owners have found it difficult if not impossible to get the capital they need to grow their companies or simply keep their doors open. This legislation provides $12 billion in tax cuts and an expansion of SBA and community bank lending, among other meaningful provisions, that will make it easier for America’s 28 million small businesses to succeed in today’s economy.

Throughout debate on the bill, Small Business Majority worked with business organizations, advocates and small business owners to build widespread support for the Act. Two days before the Senate's final approval of the measure, CEO John Arensmeyer joined four senators in a press conference on Capitol Hill to urge lawmakers to pass the crucial legislation.

The Small Business Jobs Act takes direct aim at many of the challenges entrepreneurs contend with on a regular basis, and offers new resources for small business owners to get ahead. These central components of the Small Business Jobs Act, along with other aspects of the bill that cut small businesses’ tax burden and open access to new capital, take effect immediately in 2010.

> Read more about the Small Business Jobs Act on the SBA website.

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