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Unleash small business to stir US job growth, writes Allegis Capital founder Bob Ackermanp

2 Feb 2010

Historically, 70 per cent of job growth in the US has come from the small business sector – including the world of start-ups in Silicon Valley and elsewhere. While small businesses are known for their agility – out of necessity – they are also much more susceptible to the vagaries and uncertainties emanating from Washington DC these days. This presents a daunting challenge to entrepreneurs, who commit their personal wealth to hire employees in anticipation of economic and business growth and resulting higher profits.

 

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