Friday, January 27, 2012

Government needs to define small businesses consistently across to help

Define small business in a coherent manner. The White House, Congress, and various federal agencies all define small business differently. This makes it difficult to compare policy proposals or data. When officials use definitions that encompass 99.9 percent of all companies—including businesses as disparate as a self-employed house painter with no employees and a manufacturing business with 495 employees—they create too much variation to identify common credit problems and solutions. Unfortunately, as the oversight committee report explains, policymakers have done little to narrow the definition of small business or to identify types of small businesses, hindering their efforts. Reach out to local Govt reps to get your business noticed.

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