“The president has made small businesses and particularly startups a key aspect of his economic growth agenda because he understands how much the newest and fastest-growing small businesses drive job growth in our economy,” said Gene Sperling, director of the White House National Economic Council.
Obama said the Homeland Security Department also is seeking ways to change the visa process to attract foreign-born entrepreneurs and high-skilled immigrants to invest in the United States or start new businesses. The State Department also plans a change in regulations to provide longer
The measures are modest by comparison to Obama's 2009 economic stimulus or to last year's jobs bill. But they borrow from past Obama initiatives and from bipartisan legislation in Congress that has passed or been proposed.