"Small businesses are the backbone of North Carolina’s economy,” Perdue said in a news release. "It is critical that we get credit flowing back to small businesses to work our way out of this economic and financial crisis."
In a letter to the state's congressional delegation, Perdue said the federal government should support the state's efforts to increase lending. Specifically, Perdue says, the federal government should:
— Identify money that can be distributed to banks specifically for small business lending.
— Extend the availability of certain Small Business Administration-backed loans and ease the regulatory pressures applied to lenders.
— Consider tax incentives for small businesses that create jobs as a result of federally-backed loans.
In 2006, small businesses accounted for 98 percent of employers and 49 percent of private-sector employees in North Carolina, according to Perdue's office.