Small Businesses Will Pave The Road To Recovery

Small businesses not only generate 60% to 80% of net new job growth and most American innovations, but they will also be the ones to lead us out of this economic recession. That's why the U.S. Chamber is committed to ensuring that small businesses have an environment in which they can grow and succeed. It's also why we're committed to highlighting the critical role that they play in our economy and in the pursuit of the American Dream.

In these uncertain economic times, let's take a moment to recognize some of the best companies in the small business community. On May 12, the U.S. Chamber will present America's Small Business of the Year Award to a company that demonstrates exemplary performance in five areas: financial growth, staff training and motivation, community involvement, customer service, and business planning. Our judges read hundreds of applications and selected seven regional finalists who have succeeded because of hard work, long hours, and a little bit of luck. Allow me to share a few of their stories.

Charter School Business Management (CSBM), Inc., based in New York City, provides more than 100 charter schools with support in the areas of finance, operations, and human resources and donates hundreds of hours of pro bono services and advice to schools facing challenging financial conditions. Through its support of charter schools, CSBM is enriching the lives of children and preparing them for careers in the 21st century workforce.

Abstract Displays, Inc., located in Cincinnati, is a designer and producer of displays, banners, and other materials for trade shows and corporate events. Just months after starting the business in 2001, Carla Eng (who founded the company with her husband, Michael) was diagnosed with cancer. The Engs scheduled treatments around work and moved forward with their business plan. Since then, the company has experienced a 941% increase in sales revenue. This is an inspirational story of determination in the face of adversity.

Meier Architecture • Engineering of Kennewick, Washington, became an employee-owned company in 2007 when the majority of shares were purchased from its sole proprietor. Over the last four years, Meier has doubled its staff, as well as its revenue. To improve employee health, the company created a contest based on the popular TV show The Biggest Loser. For every pound employees lose, Meier contributes a pound of food to the local Second Harvest food bank.

America is a nation of entrepreneurs, and as these stories show, the American Dream is alive and well. Let's remember this as we navigate these difficult economic times.