Second, small businesses need people. At the high end, tech startups look for workers with cutting-edge skills. Many other startups are founded by immigrants or the children of immigrants. Yet America’s immigration system is broken. Bipartisan efforts to update and improve this system are welcome and needed, and immigration changes should include provisions offered in the so-called Startup Act 3.0.
Finally, small businesses crave certainty. Yet trillions of dollars in potential investments in new businesses, new jobs and equipment remain on the sidelines, afraid of what may come. Partisan brinkmanship spawns fear, uncertainty and doubt ... and few jobs. We all know that ultimately, policymakers need pro-growth, comprehensive tax changes and entitlement programs that can be sustained. Drawing out fiscal showdowns for another five years will do irreparable damage to our entrepreneurial economy and rob our future of literally tens of thousands of new businesses. It’s time to fix the debt so we can all move on.
May is small-business month, so there is no better time to act than now. We should commemorate it by enacting measures to help small businesses grow. Without small businesses, our recovery will be a false one, creating a widening gap between corporate profits and middle-class income.
Jeff Stibel is chairman and CEO of Dun & Bradstreet Credibility Corp. and author of “Wired for Thought” and the forthcoming book “Breakpoint.”