White House Outlines Small-Business Outreach - Newschannel 6 Now | Wichita Falls, TX

White House Outlines Small-Business Outreach

WASHINGTON (AP) - The White House is announcing new steps to help small-business startups access $2 billion in resources to get off the ground and grow.

The Small Business Administration says it's moving forward with efforts to launch a $1 billion fund to provide matching capital to early stage small businesses seeking private capital.

Separately, a private sector partnership is providing more than $1 billion in services to 100,000 startup companies during the next three years. Some examples of the services include free software, free consulting and legal services.

The help for small businesses is the latest step by the Obama administration to use executive action to get around congressional Republicans, an approach dubbed "We can't wait."

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