PETALUMA, Calif., Aug. 10, 2016 /PRNewswire-USNewswire/ -- Dear Mr. Trump,
I would like to offer some suggestions based on U.S Census Bureau data that will help you "Make America great again" and "Jump start America."
The Census Bureau data indicates there are over 28 million small businesses in America and that they are responsible for over 90% of the net new jobs. The Small Business Administration released a report that found businesses with fewer than 20 employees account for 90% of all U.S. firms and are responsible for more than 97% of all new jobs.
American small businesses are responsible for over 50% of the private sector work force, over 50% of the GDP and over 90% of all U.S. exporters are small businesses.
I have made a five-minute video of Obama, Bush, Secretary Clinton and your pal, Ted Cruz, talking about the importance of small businesses to job creation. (ASBL Video)
Clearly, if you want to create more jobs you can't do it without helping small businesses. The single largest federal economic stimulus program ever passed by Congress, specifically for small businesses, is the Small Business Act. Today that federal law mandates that a minimum of 23% of the total value of all federal prime contracts be awarded to small businesses. Within that goal is a separate 5% goal for woman-owned small businesses, a 5% goal for minority-owned small businesses and a 3% goal for service disabled veteran owned small businesses.
Here's the problem, a long series of federal investigations have found most of the money that is supposed to go to small businesses is actually going to Fortune 500 firms and their subsidiaries.
So here is my suggestion, why don't you promise America's 28 million small businesses and the 50% of the private sector work force they employ, if you are elected President, you will guarantee they will receive the 23% of all federal contracts the law requires. If you end the Obama Administration policy of cheating small businesses and small businesses owned by women, minorities and service disabled veterans, I'm sure they will be very very appreciative.
Contact: Jeanne Spatola
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SOURCE American Small Business League