Tales of Resilience: Small Business Survival in the Recession
The purpose of the hearing was to examine how, despite the harrowing recession and tough economy, some small business owners have grown by innovating and strategically adapting their business models in order to find success. The hearing focused on how certain small firms overcame obstacles created or exacerbated by the economic climate. Further, it examined methods utilized and cultivated by a portion of small businesses to achieve prosperity, such as: reducing costs, diversifying portfolios, capitalizing emerging industries, and fostering innovation.
Opening Statement:Chairman Sam Graves (R-MO)
Witnesses and Testimony:
H. Todd Flemming, President and CEO, Infrasafe, Orlando, FL
Michael R. Minogue, Chairman, President and CEO, Abiomed, Danvers, MA
Elise Mitchell, APR, Fellow PRSA, President and CEO, Mitchell Communications Group, Inc., Fayetteville, AR
Michael DiMarino, President, Linda Tool, Brooklyn, NY