People looking to start their own companies know that funding can be just as important as work experience on a resume when it comes to success. Now, President Obama's recently signing of the Jumpstart Our Business Startups (JOBS) Act is winning the praises of an entrepreneurial advocacy group that says it will help aspiring business owners better compete in today's competitive global economy.
Small Business & Entrepreneurship Council (SBE Council) president and chief executive officer Karen Kerrigan, who was present at the White House during the signing ceremony, said that the act will help companies gain better access to investments, in order to spur job growth.
"The lack of access to capital is holding budding entrepreneurs and promising firms back, and without money or credit these businesses cannot grow, innovate or create jobs. The JOBS Act is a potent mix of regulatory reforms and relief that will free up precious capital for growth, and create new models and platforms for businesses to raise funds," Kerrigan said in a statement.
According to the Bureau of Labor Statistics, approximately 2.5 million jobs were created in the U.S. by new business establishments in 2010.