small business job growth initiative underway

We all know that small business account for more than 50 percent of jobs in the US. What you may not know is that there is a job growth initiative underway, targeting small businesses. Basically, the small business job growth initiative is sort of like earmark lending. In essence, Goldman Sachs and Warren Buffett are tapping into their coffers to set aside $500 million in lending for small businesses.

The specifics of how the $500 million will be made available to small businesses is not yet known. So what is known? Well the job growth initiative is dubbed "10,000 Small Businesses." Apparently the goal seems to target 10,000 businesses..duuhhh, which means a simple math calculation yields about $50,000 cash for each business assuming equal distribution. That sure would help the ma and pa shops, but a little more green backs might be necessary to help the small business with 10 or more employees that have been seriously struggling since the recession kicked into high gear. That shouldn't be too hard of a feat for the Billionaire Boy Wonders, considering the $3.2 Billion Goldman Sachs made last quarter...that's right last quarter, not last year, last quarter. Moreover, Goldman's Sach's CEO apparently is aware of the Company's participation in the financial meltdown for which a public apology was made. Now as you know, Main Street (small businesses) were the ones to suffer in much greater numbers than Wall Street.

All in all, this sounds great in terms of fueling job growth and survival for a lot of small businesses. Surely, we hope this is not a PR stunt only to later learn that small businesses are required to jump through hoop after hoop like a circus lion only to be told that they don't qualify. Moreover, hopefully there isn't a great deal of red tape preventing the program from high flying immediately versus some time in the near future. After all, small businesses are holding on for dear life, now, while Wall Street is not only surviving but apparently doing well...quite well. So let's fast track the small business job growth initiative that's currently underway and get the cash in the hands of small business owners sooner than later. It's cold outside, if you know what I mean.