Small Businesses Power America

Small business creation key for a dynamic economy, full employment, and rising GDP

A deli in the Chelsea neighborhood in New York, July 8, 2014. Small companies like these are responsible for most of the job creation in America. Samira Bouaou/Epoch Times

The constant criticism against Donald Trump from the left in Congress, the democratic presidential candidates, and the talking heads on cable TV is that his economic policies only benefit the rich. Nothing could be further from the truth. But it’s a narrative almost never challenged and yet begging for to be challenged.

Sure, record stock prices are nice for the tens of millions of Americans who have money in the market, not to mention for the CEOs and management of those big multinational companies. While that’s true, it’s not the whole story of Trump’s economy. In fact, it’s not even close to the most important aspect of the resurgent American economy.

Small Business Is Booming

The record setting growth and employment levels we’re enjoying today are due, in large measure, to the formation of new small businesses across the country. Even while much of the rest of the industrialized world teeters on recession, small business is booming in America. And although it’s not publicized much in these charged political times, small business activity is the key factor between a healthy economy—or a weak one.