TAILIEUCHUNG - THE SMALL BUSINESS AGENDA GROWING ANERICA'S SMALL BUSINESS TO WIN THE FUTURE

Finance department control and monitor budget utilizations by providing authorization for budget availability. All approved transactions; except for those mentioned as transaction that does not require budget availability check, must be submitted by Transaction Authority to Director Finance for budget availability approval. This measure is simply added protection for Transaction Authority, to reduce the number of inadvertent over-expenditures and the effort required by all parties to rectify these situations. The Director Finance compares approved transaction value with budget and funds availability and provides written feedback for budget and funds availability to the Transaction Authority. There are some transactions that do NOT require budget. | n THE SMALL BUSINESS AGENDA Growing America s Small Businesses To Win the Future National Economic Council MAY 2011 Introduction This report focuses on the vital role that America s entrepreneurs and small business owners play in strengthening the . economy. The Obama Administration has put new initiatives and increased incentives in place to support small businesses - including seventeen tax cuts improved access to capital and expanded support for high growth businesses - as they continue to out-compete and out-innovate the rest of the world. Over the past two and a half years President Obama has enacted sweeping changes to support reinvest and revitalize America s economy in the wake of a major recession. As a result large . firms are now making powerful new investments including building new facilities and buying new equipment. With regards to job creation however we know that America s small businesses pack the biggest punch creating two out of every three new jobs in the . each year. These small businesses are the cornerstone of our communities. They are the source of pride for working families. And every day we see America s entrepreneurs continue to step out and take risks with new ideas in order to help us win the future. This report details the many investments this Administration has made since January 2009 to support small businesses investments that include expanding access to capital supporting startups and high-growth firms training America s workforce reducing barriers to entrepreneurship increasing small business exports and much more. On that note we would like to thank the following agencies for their contributions in preparing this report the . Department of Agriculture the . Department of Commerce the . Department of Defense the . Department of Health and Human Services the . Department of Homeland Security the . Department of Labor the . Department of the Treasury the . Department of Veterans Affairs the .

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