Ever since the collapse of the economy at the end of 2008 the focus has been on the creation of new jobs. Most of the Stimulus money went to local government to hire workers that would build roads, repair bridges and so forth. Its working to a degree, a lot of people that had been unemployed are now working and so long as you don't need to drive from point A to point B through six construction sights you're OK.
But, the reality is that we still have a long way to go before the jobless rate is at a respectable number. Most experts agree that the best way to get the economy going is to help small business grow. Small, locally based businesses hire workers from with in their own community. The money that they earn is then spent right there at the shops and stores with in that same community. Homes are bought and renovations are done after buying materials at the local hardware stores. Its a cycle that works and that the government should be spending more time focusing on.
A great example of how this works is the Brooklyn Brewery. A locally based business that is about to begin a $4,500,000 expansion. $800,000 of this money came from the state government and is being used to hire an additional 27 employees. These newly hired workers will continue the cycle of growth my spending a portion of their pay on locally based businesses.
Perfect...So here's to you Brooklyn Brewery...a Toast to your continued growth! Cheers.
Aug 17, 2010
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