The Center for Public Policy Innovation (CPPI) recently hosted a forum designed to help small businesses boost job creation and help drive technological innovation in the U.S.
Entitled "Restoring U.S. Competitiveness:Creating Jobs and Unleashing the Potential of Small Business Through Technology and Innovation," lawmakers and business leaders discussed policies and programs that will be needed in order to enhance America's impact in the global marketplace and find more jobs for those who have completed business degree programs.
U.S. Representative Cathy McMorris Rodgers of Washington said small businesses are the backbone of the country's economy.
"According to statistics, small businesses create 70 percent of the jobs in America, and technological innovation is responsible for 85 percent of our growth in per capita income," Rogers stressed. "Put the two together, and you can see why unleashing the power of small business through technological innovation is the one of the most effective things we can do to bolster our economy, create jobs, improve our competitiveness, and keep the American Dream alive for the next generation."
The Bureau of Labor Statistics reports that approximately 2.5 million jobs were created by new businesses in the U.S. in 2011.
