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Forms and directions of government support for small business: Evidence from the USA

Emel'yanov E.V. Institute for the U.S. and Canadian Studies RAS, Moscow, Russian Federation ( ee_79@mail.ru )

Frizyak N.S. Institute for the U.S. and Canadian Studies RAS, Moscow, Russian Federation ( shyter777@gmail.com )

Journal: Financial Analytics: Science and Experience, #4, 2018

Subject This article considers and describes the principal directions and forms of government support for small business in the USA.
Objectives The article aims to analyze the modern government policy on small business as well as show its orientation and significance for entrepreneurship development among particular social and ethnic groups.
Methods The research involves the methods of logic, statistical, and comparative analyses, and the comprehensive approach.
Results We identify certain key measures of government support for small business in terms of the world crisis. They enlarge the access to financial resources for small enterprises, help realize public contracts, provide the development of small business export availability. The results show the focus of these measures on particular population including below-average income groups, and involvement in entrepreneurial activities.
Conclusions and Relevance Support for small business is one of the most important component of social and economic public regulation. The US practice shows a special importance of entrepreneur development programs for socially vulnerable population groups, raising their economic activities. It can be useful in the Russian SME's practice and enlargement of small business supporting forms including low developed regions.


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