In his Small Business Week Proclamation earlier this week, President Obama said, “Small businesses represent an idea at the heart of our Nation's promise -- that with ingenuity and hard work, anyone can build a better life.”
Having started my own manufacturing company in rural Texas many years ago, I believe small business folks are American heroes. What it takes to get a business going and the immense responsibility of employing others and developing markets is very hard work especially in rural areas. The work of an entrepreneur is also rewarding and those relationships with employees, customers and the community are lifelong. For rural entrepreneurs, their companies are part of the fabric of the community.
One of the main obstacles getting a business off the ground is locating the capital to invest in communities. Seeking a business loan or receiving an equity investment is such a critical path for startups and to keep entrepreneurship vibrant in rural America because we know the type of jobs created by small business are the ladders of opportunity.