Last month, President Barack Obama met with business leaders in Silicon Valley to address some of the issues advanced in his State of the Union address that called for renewed investment in innovation and education.
However, many analysts saw the move as more than just an attempt to bolster incorporation in California, and that it - along with other recent measures - have been pushes to improve ties with U.S. businesses - a community that has been less than supportive since the passage of last year's healthcare reform act.
One such measure the president has supported in recent months is the permanent elimination of the capital gains tax on certain small business investments - a cut that was introduced last September as a temporary stimulus measure. He has also called for widespread reviews of regulations deemed overly burdensome to the nation's businesses, particularly small ones.
By all accounts, these measure may be working. Just this week, United Technologies CEO declared his optimism that Obama is becoming more "business-friendly."
"I'm encouraged, actually, to see the renewed focus to support large businesses like ours," Chenevert told reporters Friday, according to Bloomberg.
However, not all business leaders are convinced. Most notable is 3M CEO George Buckley's recent Financial Times interview, in which he called the president "hostile" to business.
Tags : ca, incorporation news, small business management
Posted: Mar 11th, 2011