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Purpose and Focus of the Long Island
Advancement
of Small Business
Small Business: The Backbone of the American Community
From our Nation’s founding, small businesses (SB) and small farmers have provided dynamic growth and
innovation, created a flourishing middle-class, and supplied cities and small towns with new products and jobs. The
competitive pressure placed on small businesses by industries of scale, coupled with the formation of mega financial
institutions, has left small businesses at a severe disadvantage. These mega financial institutions have damaged the
fiscal landscape across the U.S. and around the globe by engaging in creative, but risky financial derivative schemes.
The international economic system depends on a base of risk-taking small business operators working in concert
with large business, and this arrangement is badly damaged. The U.S. system of commerce is a creature of our own
invention and it is our duty to see that it works again. The security and well being of our country depends on the
leadership, perseverance and ingenuity of Small Business to set the new economic course. The entrepreneurial sector
of the U.S. economy is not made up of followers. It is made up of leaders. Our country needs them to lead now.
Many of the major companies on Long island do not take advantage of the small companies, and their expertise that
is available locally. Grumman was a major innovator when it came to utilizing the local small businesses to meet
their demands when they were completing government contracts. Since Northrop has taken over the leadership of
Grumman they have not taken advantage of the local small businesses. |