DC Report: Small Businesses Start to Hire


A new survey released by the National Association of Business Economics shows businesses, in general, added to their payrolls in the second quarter of 2010.

The report showed more than 30% of the businesses surveyed added jobs, while 14% cut their workforce. That's a big change from the second quarter of last year when a mere 6% said they were hiring.

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The survey also shows businesses say they will hire more employees over the next six months, which is a good sign for the economy, though access to loans remains a significant problem for small businesses.

Lawmakers continue to debate a bill designed to help small businesses recover from the Great Recession that includes a $30 billion small-business lending fund, to help spur job creation.

On Friday, President Obama told reporters, “"Ultimately, our goal is to make sure the people who are looking for a job, can find it.”

The bill would also provide businesses tax incentives to buy new equipment and increase government loan limits.  Though in a Congress facing a soaring national debt, there has been slow progress on a number of these initiatives.

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