Small businesses are the engine of economic growth in America. Their strength is vital to creating new jobs and hiring more workers across our country. That is why President Obama launched the SupplierPay initiative, a new partnership with the private sector to support the health and vitality of small businesses by increasing their working capital. Here's how it works: On average, corporations take 46 days to pay their invoices of their suppliers — small businesses that provide them services necessary for their business. Waiting an average of 46 days to get paid leaves small businesses without the capital they need to hire and invest in new opportunities or equipment.