Small Business Stimulus

February 1, 2009 12:00:00 AM PST
Here in the Valley, many people think some of the money from the stimulus package could be heading into the wrong handsOld Town Clovis prides itself on having locally owned businesses that help the area thrive. Like most areas, they've been hit hard by the economy.

Although President Obama promises his stimulus package will get things back up and running...small business owners aren't convinced.

Cora Shipley owns three different stores in old town Clovis. She's been a local business woman for nearly twenty years. Shipley, like many small business owners, said the government's $820 billion dollar stimulus package is not the answer they've been looking for.

Before President Obama was sworn in, legislators focused on saving big banks and auto companies. Now, job creation is at the top of their list.

Bryan Moe, director of the Central California Small Business Development Center said jobs will be created, but not for small businesses. Moe said another issue is the fact that there's not enough available credit for small businesses. He hopes the stimulus package will free some of that up.

Meanwhile, Cora Shipley is focused on running her three stores saying the area couldn't survive without them.

Business owners said another key issue, the stimulus package, does not have a policy that will reduce business tax rates which in the U.S. are the second highest in the world. It still has to pass the Senate, by that time, there will likely be several changes.

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