White House small-business jobs initiative gets kudos from retail association

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National Retail Federation President and CEO Matthew Shay on May 10 applauded the jobs agenda unveiled by the White House Jobs and Competitiveness Council.

“As an industry that employs one out of five American workers, retailers have been on the front lines of the economic recovery,” said Shay. “More than 95 percent of retailers are small businesses focused on growth and innovation. Even the largest companies in our industry work regularly with suppliers and vendors that are small businesses, driving job growth for all sectors of the economy.”

Jobs and Competitiveness Council Chairman Jeff Immelt, CEO of General Electric, unveiled the agenda at a meeting  in Dayton, Ohio, designed to solicit input from local businesses on how the public and private sectors can work together to form new opportunities for small businesses to create jobs.

"One of the major obstacles to sustainable job growth has been the uncertainty tied to unnecessary or outdated regulations that have created undue burdens on many businesses,” said Shay. “We are pleased to see the President’s Council recognize and address these potential barriers. NRF will continue its dialogue with the Administration about the importance of small businesses to job creation and fostering opportunities for success in this recovering economy.”

The National Retail Federation is the world's largest retail trade association and the voice of retail worldwide. In the United States, NRF represents an industry with more than 1.6 million American companies that employ nearly 25 million workers and generated 2010 sales of $2.4 trillion.

From a press release. Posted by Mary Slepicka