the WHITE HOUSEPresident Barack Obama

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We Can't Wait to Help Businesses Grow

Summary: 
This morning, the President signed two executive memorandums to speed up innovation and help businesses grown and hire

While Republicans in Congress continue to block the American Jobs Act, President Obama is still finding new ways to boost the economy and put people back to work.

This morning, the President signed two executive memorandums: one that would shorten the time it takes for companies to commercialize federal research, and another to launch BusinessUSA -- a website that will make it easier for companies to learn about federal resources for business and exports -- in early 2012.

"With too many families struggling and too many businesses fighting to keep their doors open, we can't wait for Congress to take action," President Obama said in a statement.

The first order will help speed up the time it takes for government research facilities to issue grants to start ups and give federal agencies more flexibility to partner with businesses.

Every year, the government spends approximately $147 billion on research and development. This order from the President will help to ensure that money gets used even more efficiently.

And by the way, we know the federal research grant process helps to spark entrepreneurship. Qualcomm, the communications giant; Symantech, the software security firm; and iRobot, maker of the Roomba and Packbot, all received federal agency support before becoming an industry leader.

BusinessUSA will help companies of all sizes access the full range of government programs and services they need to compete, grow, and hire.

Right now, a range of government websites offer resources and programs to support businesses, but navigating those sites and finding the information you need isn't easy.

BusinessUSA will change that and offer a centralized location where an entrepreneur can come to access programs to grow their exports, for instance.

Agencies across the federal government will also find ways to integrate BusinessUSA deeply into their websites, call centers, and field offices -- so that this new service becomes the primary way that companies get the information and support they need to grow and hire.

The President is moving forward with BusinessUSA after calls for this type of reform from the President’s Jobs Council, the President’s Export Council, and businesses across the country.

It will launch early next year.

President Obama also can't wait for Congress to: