Archive for June 2009

Backbone of the US economy

June 16, 2009

The upswing has started in the USA. Times are still somewhat rough though. The USA is still the single largest economy in the world – just not to forget it, and it is a flexible economy. So, it will adapt – resistance is futile!

The latest statistics from the U.S. Census Bureau show that 98 % of all U.S. firms have fewer than 100 employees. But here the real news: 90% of all firms in the U.S. have less than 20 employees and carry for over 97 percent of all new jobs created in the U.S. of America! When this engine starts to hum, what seems to happen step by step now, we will see growing investment values, higher hiring rates and growing economy again.

The US government will need to make sure that these SM enterprises will get all possible support like tax cuts and less bureaucracy.

One nation, small enterprises with employment and prosperity for all!