President Obama kicked off a national week honoring small business and entrepreneurs, calling them the “backbone” of the economy and “the heart of the American dream.”
President Obama’s proclamation cited the outstanding contributions of small businesses and their role in creating most new jobs in America.
Small business is vital to national life and vibrant communities, Obama said. “They are the engine of our prosperity and a proud reflection of our character.”
“Small business owners embody the spirit of entrepreneurship and strong work ethic that lie at the heart of the American dream. They are the backbone of our Nation’s economy, they employ tens of millions of workers, and, in the past 15 years, they have created the majority of new private sector jobs. During Small Business Week, we reaffirm our support for America’s small businesses and celebrate the proud tradition of private enterprise they represent.
The President’s proclamation is in anticipation of the 47th annual observance of National Small Business Week in Washington, D.C. (May 23-25). The event honors the nation’s most outstanding entrepreneurs, and features the announcement of the National Small Business Person of the Year for 2010.