start ups

Sorry Mr. President - It Isn't Enough!

Posted 8/16/11 at 2:49pm by jamie

The man of "yes we can" seems more and more like "ehh I really don't care". That's the feeling you get when you hear today's big news from the campaign trail, in which President Obama rolled out his new "rural job initiative":

At the White House Rural Economic Forum in Peosta, Iowa, Tuesday, President Obama will announce four new economic initiatives that the administration says will spur growth and help create jobs.  

• The Small Business Administration will double the amount of investment capital funneled to rural businesses through its Small Business Investment Company program. The total capital infusion will be $350 million over the next five years, officials say. 

• The administration will sponsor and host “conferences” to help connect private equity and venture capital investors with rural start-ups. And, they’ll use “marketing teams” to go out and pitch federal grant money to private investors. 

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