small firms in America, those between 1 employee and 499 employees, created 65 percent of the jobs. Only 35 percent of the jobs were created by large firms. These numbers on this chart pertain to the last decade. I think this 65 percent would be increased substantially because the people out there creating jobs are small businesses. We have seen news article after news article, just in the last couple weeks--the front page of the Washington Post, the front page of the New York Times--headlines: Big Firms Hoarding Cash; headlines: Big Banks Hoarding Cash. I guess so. They have gotten a lot of cash from this Congress. But it is the small businesses out there that are struggling to get capital to create jobs, and it is the small, healthy community banks that are out there battling with them to create jobs to revitalize their communities and increase demand.
Editor's note · Context
Senator Landrieu discusses the importance of small businesses in job creation and their struggle for capital.
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