QuickPlan Frequently Asked Questions Is there anything in the new 2009 stimulus package aimed at small business start ups?
Direct spending on small businesses initiatives totals $730 million, but Congressional leaders hope that cash will have an outsize impact by unlocking billions in new spending by banks, investors and business owners. “Taken together, these initiatives are expected to result in nearly $21 billion in new investment and lending for small businesses,” said Rep. Nydia Velzquez, D-N.Y., the chairwoman of the House Committee on Small Business. “America’s small businesses have led our nation out of previous economic downturns and, given the right tools, they can do so again.