Fact Sheet: heLPING SMaLL BUSINeSSeS aND eNtRePReNeURS

Small businesses are the backbone of our economy responsible for two out of three new jobs in the
United States. Since taking office, President Obama has taken steps to support new entrepreneurs and help small businesses grow. Heres a by-the-numbers look at what the President is doing for Americas small-business owners.

65%
60,000

Percentage of net new jobs in America that small businesses create

$30.5
loan approvals for fiscal year 2011 New SBA funding for early-stage businesses and businesses in underserved communities

billion

Number of tax cuts President Obama has made to support small businesses

18

Lending to small businesses and start-ups supported by Small Business Administration

Number of businesses that benefited this year from Small Business Administration loans, allowing them to buy new buildings, get equipment, and hire more workers

2
billion

$350 million
New SBA loans pledged for rural businesses under the Small Business Investment Company Program through 2016
Up To

$9,600
Amount businesses could get through the Wounded Warrior Tax Credit when they hire disabled vets

TEN
THoUSAnD
Number of small-business owners across the country who attended networking sessions with senior administration officials this year

$5,600
Tax credit businesses could receive for hiring unemployed veterans as part of the Presidents plan to make sure vets can find work when they return home

$37 million
Funding pledged for the Jobs and Innovator Acceleration Challenge to quicken growth in 20 up -and-coming regions of the country projected to create 300 new businesses

PAID FOR BY OBAMA FOR AMERICA