Small Business Needs Capital, Opportunities: Texans' McNair
As a professional football team owner, Bob McNair knows all about competing on an even playing field, and the lack of one is part of his problem with the current business environment.
"My philosophy has always been take care of small business, McNair, a serial entrepreneur, said CNBC's Squawk Box Monday. "What we’re doing now is adding more and more risk — through regulations, unknown health care costs, employment policies, union policies, where there is a greater chance of unionization."
McNair, who owns the NFL's Houston Texans, said unlike large companies, small businesses "don’t have capital, so you have to create an opportunity to grow there business."
He's grown more than a couple himself, from Cogent Technologies to Palmetto Partners to Cogene Biotech Ventures.
McNair's also built his football team, a new franchise, into a contender after less than a decade in the NFL.
"Small business is the generator of this economy," said McNair. "That’s where the creativity is."