This week we celebrate National Small Business Week, with members of the President’s Cabinet and other senior Administration officials participating in events across the country to highlight small employers and manufacturers as important engines to private sector growth. As a part of that effort, on Thursday, Treasury Secretary Tim Geithner visited Baltimore’s own Marlin Steel Wire Products, a small business with 27 employees that manufactures wire baskets and sheet metal. During his visit, Secretary Geithner discussed how the President’s policies have supported small businesses and also called on Congress to enact proposals that would help small business owners create more jobs.
Check out a video of his visit to Baltimore:
During his own visit to a Washington, DC small business last week, President Barack Obama called on Congress to act on the Administration’s “To Do List,” specifically the need to invest in small businesses and jumpstart new hiring and entrepreneurship by passing legislation that gives a 10 percent income tax credit for firms that create new jobs or increase wages in 2012 and that extends 100 percent expensing in 2012 for all businesses. You can read more about the President’s efforts to support small business in this White House report.
Erika Gudmundson is New Media Specialist at the Department of the Treasury.