Difficulty in Jumpstarting Small Businesses

Banks aren’t lending not because there is a lack of money, but because there is a lack of good investments claims Dean Baker co-founder of the Center for Economic and Policy Research in Washington DC.  The plummeting real-estate market in both commercial and residential, combined with a decrease in consumer spending has created a difficult atmosphere for businesses to grow.

Small businesses are suffering from a lack on consumer spending, difficult credit lines and uncertain economic environment.  Businesses owners and thought leaders met today in Washington to discuss ways of boosting the economic environment for small businesses.  There was discussion of diverting $40 billion in unspent Troubled Asset Relief Program (TARP) funds to banks who will use the money to provide loans to small businesses.

To read the original Huffington Post article click here!

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