A push from President Obama to boost small businesses is earning praise from Governor Doyle.
The President is calling on Congress to pass legislation expanding tax credits and loan programs for small businesses. Governor Jim Doyle says such a move is crucial to improving the economy. Doyle says small businesses account for up to 80-percent of new jobs and help drive the entrepreneurship that’s needed to add even more.
The Governor says one of the biggest obstacles they face to expanding is gaining access to investment capital, which he believes Obama’s plan will address.
Part of the President’s proposal is a $30 billion program for community banks. Doyle says working through local banks can help get resources out quickly to small business owners, because they know their customers and how to work with them.
Doyle attended a White House ceremony Tuesday honoring small business owners from across the country.