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America's biggest companies are not satisfied with their present over-sized share of the business pie and want to start taking big bites out of small business's portion by getting the government to bury the SBA, writes Lloyd Chapman, president and founder of the American Small Business League.
During his campaign, President elect-Trump said, “I will be the greatest jobs President God ever created.”
More than 90 percent of firms in the United States have less than 20 employees and are responsible for over 97 percent of the net new jobs, according to a report by the Small Business Administration (SBA). U.S. Census Bureau data mirrored the SBA’s findings.
If Trump wants to create the “jobs, jobs, jobs” he promised he needs to focus on small businesses. The single largest federal program in history to create jobs and boost the middle class economy is the Small Business Act that mandates that a minimum of 23 percent of all federal contracts be awarded to small businesses. — Lloyd Chapman, The Hill