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Chief Economist Addresses Italian Small Business Conference

On June 14, Chief Economist Chad Moutray addressed the annual meeting of Confartigianato Imprese, Italy's largest organization of small enterprises, in Rome.

Moutray discussed the importance of the small business sector in the United States and the central role of entrepreneurship in job creation and U.S. economic growth. While this message is familiar to Americans, many Italians are less aware of the central role of U.S. entrepreneurs. Their images of American businesses are shaped by large

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multinational firms - Microsoft, Wal-Mart, or McDonald's. The notion that American economic growth and competitiveness is enhanced by innovation and new firm formation resonated with the audience. They also appreciated the role of the Office of Advocacy in reducing regulatory burdens for small businesses.

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On June 14, Chief Economist Chad Moutray addressed Italy's largest organization of small enterprises, the Confartigianato Imprese, which represents 521-,000 businesses.

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