President Obama Says Small-business Innovation Is Key to Progress

In speaking at Cleveland State University in Ohio, Feb. 22, at a forum on entrepreneurship and the future of small business, President Barack Obama explained that large businesses are important to our economy because they employ thousands of people.  As reported in the Cleveland Plain Dealer, he noted that they can give opportunities to small businesses, and said:  “Small businesses that grow into medium-sized and large businesses, that’s the key to the future, because it’s the new products, it’s the new services, things that nobody else thought of before that are going to help absorb all the talented Americans out there who are looking for careers, and the large companies, there’s only going to be so much additional employment that they add, partly because they’re getting more and more efficient.  So what we want to figure out is how can we help you succeed.  Now, many of you are already succeeding, so you can help us understand what it takes to help others succeed….   We understand that you are the most important ingredient to success.”

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