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March 6, 2007

Mexico hopes loans will boost business

MEXICO CITY (AP) — Mexican President Felipe Calderon on Monday announced plans to quadruple small business loans and make it easier to open a business, hoping to spur job growth and keep Mexicans from leaving to seek work in the U.S.

Calderon, who touts himself as the “Jobs President,” vowed a new emphasis for the tiny, often family-run businesses that provide about 70 percent of all jobs here.

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