Filed in archive Small Business on March 20, 2013

Small Businesses Given Boost By Obama

© ShashiBellamkonda

Obama has given small businesses a big boost in his budget by allocating $2bn to be invested into small businesses, as well as providing further tax breaks. In addition to this proposal, a public-private initiative was also presented, with AOL co-founder Steve Case, to provide additional funding and help support growing small businesses.

Known as the Startup America Partnership, Steve Case has put together a group of large organizations who have already begun supporting small businesses through mentoring, investing, and educating the business owners. Many companies have already pledged their support; Intel have committed $200 million, IBM committing $150 million, and Facebook offering 15 Start Up days around th country to mentor aspiring entrepreneurs.

You can read more about the partnership here.