Welcome to PowerTalk, where we talk with CEOs, COOs and other key business people at public and private companies as well as other subject matter experts.
This week I had the pleasure of speaking with Beth Solomon, the President and CEO of the National Association of Development Companies (NADCO). NADCO is the trade association for companies certified by the Small Business Administration to provide financing for small businesses under the SBA 504 program.
Small Business: The Life Blood of Job Creation
Beth hammered home the fact that small businesses are the lifeblood of job creation. Despite the industry providing more than $6 billion in capital during 2012 to nearly 10,000 U.S. small businesses, access to capital remains the greatest challenge to small businesses and job creation. In the franchise industry alone, that resulted in 94,000 jobs not being created last year.
Beth and I talk about a number of programs and other initiatives that small businesses can tap into right now to get the capital they need and put Americans back to work. That makes this a Better, Smarter America PowerTrend conversation worth listening to.
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