Overview

Participants provided candid accounts of recent economic difficulties, and offered both simple and innovative policy suggestions to ease restrictions on financial institutions lending to small business, to simplify regulations on small businesses, and to promote the creation of jobs domestically. Many participants spoke of the barriers to the availability of capital and credit for small businesses. Participants cited the help that the Recovery Act has provided them and the ways in which Troubled Asset Relief Program (TARP) can be used to remedy aspects of this problem. There was active discussion of the ways in which the Small Business Administration can help facilitate progress through educating small businesses about ways to access capital as well as ways in which the SBA can serve different kinds of small businesses such as non-profits. The group discussed unique challenges and the ways in which government could interject to provide assistance. There was a discussion of different tax policies that could help support small business growth, such as a new jobs tax credit.

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9781514663516

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