Small Business Jobs Bill: No ‘Itty Bitty’ Thing

I was surprised to hear Minority Leader Mitch McConnell say he believes the Small Business Jobs Act currently before the Senate is “a little itty-bitty small business bill that no one thinks will have much of an impact on the economy.” In fact, I would encourage him to go on the road with me to places like Saratoga Springs, where I was just yesterday meeting with several small business owners, including Larry Levita.

Larry and his son Phillip are the owners of Plum Dandy, a frozen yogurt shop in Saratoga Springs’ historic downtown.  A few months ago they received an SBA Recovery loan for $175,000 to open their shop, and with that they created 12 new jobs. Their loan was one of about 70,000 loans SBA has made with enhancements first provided in the Recovery Act in February 2009. Larry told me that things are going really well for them, and in fact they’re already thinking of opening a second location.

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