Opinion

Commentary: Small businesses shortchanged by stimulus plan

Out of the $787 billion contained in the American Recovery and Reinvestment Act, a paltry $730 million is being directed to the Small Business Administration to help loosen up the tight credit market.

According to Census Bureau statistics, 98 percent of the country's companies employ fewer than 100 people yet account for 97 percent of all net new jobs.

And those small businesses provide jobs to 50.2 percent of the private sector workforce and more than 90 percent of technical innovations and patents.

The American Small Business League reports another startling census figure: Large businesses have not created one net new job since 1977.

Small business is getting the very short end of the stimulus stick. Recovery plans fail to adequately address the likely savior of the economy.

Rep. Vern Buchanan, R-Longboat Key, discussed that imbalance Thursday at a luncheon with Manatee County business leaders, putting a total stimulus investment in small business at $21 billion — only 3 percent of the total.

"This has been the most anti-small business administration I've seen," he told the gathering.

To read the complete editorial, visit The Bradenton Herald.

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