Business
Today is the best time in US history to find money for your business and contract opportunities. With the recent passage and signing into law of The American
Recovery and Reinvestment Act of 2009, commonly referred to as the “Economic
Stimulus Program,” President Barack Obama sent the message to the entire country that opportunity is here for all entrepreneurs. This new law, the largest of its kind in U.S. history, is intended to preserve and create jobs, stimulate investment in infrastructure and assist the unemployed. It is expected to have the largest impact on governments, corporations and closely held businesses in U.S. history. However, you need to know about it in order to take advantage of these opportunities. That’s why we are here; to provide this invaluable information for you and to opens new doors of opportunity so you can love being an entrepreneur.
Politicians and news reporters all agree that the government is on a mission to give large amounts of money in contracts to businesses… right now. The following are quotes from various news programs and media outlets regarding money and contract opportunities:
- “Overall U.S. health care spending will reach $2.5 trillion in 2009, a 5.5% increase from 2008, when health care spending increased by 6.1%.”
- “President Obama's economic stimulus package outlines a significant increase in federal spending on "shovel-ready" construction of roads and bridges, 21st century school projects, healthcare, IT, and modernization of energy-inefficient government facilities. In response, states and municipalities are prioritizing their initiatives based on the greatest short-term impact to their respective regions, and 45 percent of government officials expect to maintain or increase spending activity in 2009.”
- “Several government departments increased spending on travel, food and hotel accommodation in the past financial year, despite orders to cut it.”
- “Many local communities are rapidly increasing their spending – leaving it to taxpayers to pick up the bill. This spending comes from a wide range of government units that have expanded their budgets – be it cities, towns, townships, schools, libraries, sewer districts, etc.”
- “$787 billion is not enough. Today does not mark the end of our economic trouble. Nor does it constitute all we must do to turn our economy around" said Obama when signing the bill. He later expressed that a second stimulus could be coming to further help the economy, according to the New York Times. It is better to be slightly more in debt in the future than to have a depression right now.”
- "There will be an unprecedented amount of federal dollars for business ideas that dovetail into the stimulus package. In other words, the creativity, obsessiveness and resilience of the entrepreneur are going to be tested in ways never seen before by any of us."
Even members of Congress and government officials, including the new
Administrator of the US Small Business Administration agree that due to the government’s priorities, more opportunities are needed and are now available for small businesses and entrepreneurs. The Congressional Committee on
Government Oversight and Reform has stated:
- “Under the Bush Administration, the “shadow government” of private companies working under federal contract has exploded in size. Between 2000 and 2005, procurement spending increased by over $175 billion dollars, making federal contracts the fastest growing component of federal discretionary spending.”
- “Between 2000 and 2005, procurement spending rose by 86%to $377.5 billion annually. Spending on federal contracts grew over twice as fast as other discretionary federal spending.”
In her confirmation hearing statement to the Committee on Small Business in the
U.S. Senate, U.S. Small Business Administration Administrator Designate Karen
Mills stated:
- “Small business is the heart of the American economy. There are over twenty-six million small businesses in this country and they create 70 percent of the new jobs. This means that to find our way out of the current economic crisis, we have to find ways to help small businesses stay in operation and even expand.”
If this is not enough information to make you feel excited about taking advantage of these opportunities then you need to know that history has proven that some of our largest and most successful corporations in the United States were started in uncertain economic times. In fact, 16 of the 30 companies that make up the Dow industrial average were started during a recession or depression. These include Procter & Gamble, Disney, Hyatt Hotels, Burger King, IHOP, General Electric and Johnson & Johnson. There are also a few companies that started in those awful years of the early 1970's such as FedEx, Supercuts, Chili’s, Cablevision, Famous Amos cookies, Oakley and, oh, yes, and a small company called Microsoft. Other economic slumps have produced companies such as Whole Foods, J. Crew, Costco, CNN, MTV, and Applebee's. You too can start on your road to success by committing to call on your innate resolve and taking action that is provided through this program. Use it, because it is the ultimate resource in obtaining government benefits. So as you begin on your entrepreneurial journey, we wish you a warm welcome to a new world of exciting and profitable opportunities. Our wish is for your success and the best of luck on all your endeavors!
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