“Entrepreneurs embody the promise of America. The idea that if you have a good idea and are willing to work hard and see it through, you can succeed in this country. And in fulfilling this promise, entrepreneurs also play a critical role in expanding our economy and creating jobs.”
—President Barack Obama, January 2011
SHORTLY BEFORE his scheduled State of the Union address in January 2011, President Barack Obama, Treasury Secretary Timothy Geithner, and a group of leaders from the private industry set off on a road trip through the hard-hit upper Midwest—the socalled “Rust Belt.” The trip was part of the kickoff for the administration’s new small business development program, Startup America. The idea was to focus attention on ...