When a small firm wins a federal contract, it creates a ripple effect that creates jobs, invests in communities, and generally boosts the economy. The presence of small firms also helps drive innovation nationwide and competition in the federal marketplace. Congress recognized these benefits in 1953, when they created the Small Business Administration and tasked the agency with ensuring that a fai... Read More »
Washington, D.C.— Today, the House Small Business Committee, chaired by Rep. Nydia M. Velázquez (D-NY), held a hearing reviewing the Small Business Administration’s (SBA) Office of Government Contracting and Business Development (GCBD) and their administration of the agency’s procurement initiatives. “When a small firm wins a federal contract, it initiates a ripple effect that creates jobs, invest... Read More »
Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) announced the addition of Rep. Scott Peters (D-CA) to the Committee’s roster of members: "During his tenure in Congress, Congressman Scott Peters has proven to be a stalwart advocate for small businesses in San Diego County and across the country. From his time in local government to his nearly 10 years as... Read More »
Ensuring access to federal contracting opportunities is one of this committee’s core priorities. Winning federal contracts allows small firms to create jobs, grow their businesses, and invest in their communities. That’s why the recent decrease in the number of small firms doing business with the government is so concerning. From 2010 to 2019, the number of small companies providing common goods a... Read More »
Washington, D.C.— Today, the House Small Business Committee under Chairwoman Nydia M. Velázquez held a hearing examining the impact of governmentwide contracts, including the Best-In-Class (BICs) contracts that originate from the Category Management initiative, on small businesses in the federal marketplace. From the time Category Management was first implemented in 2016 to 2019, the number of sma... Read More »
Washington, D.C.— Today, the House passed seven bipartisan committee bills to improve the operation and oversight of key Small Business Administration (SBA) programs. The slate of bills includes legislation to extend the statute of limitations on small business pandemic fraud cases, enhance workforce development offerings, and improve the procurement process for small businesses. “Our continued re... Read More »
More than 200,000 service members transition from military to civilian life every year. These veterans take skills gained during their service and go on to make a substantial impact across many areas of American life. Some go to school, some pursue new vocations in the private sector, and many go on to start small businesses. As members of this committee know, starting a small business isn’t for t... Read More »
Washington, D.C.— Today, the House Small Business Committee under Chairwoman Nydia M. Velázquez (D-NY) held a hearing highlighting the role of veteran-owned businesses in the American economy and the challenges aspiring veteran entrepreneurs face when transitioning to civilian life. “As members of this committee know, starting a small business isn’t for the faint of heart. It takes courage, wits, ... Read More »
Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) issued the following statement after the Labor Department released its May jobs report showing that non-farm payroll employment increased by 390,000: “Today’s jobs data shows that the American economy continues to beat expectations and build back better under the Biden Administration. With this report, we’... Read More »
Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) announced several committee hearings throughout June: Wednesday, June 8, 2022- 10 A.M.- Hybrid Hearing: Military to Main Street: Serving Veteran Entrepreneurship Tuesday, June 14, 2022- 10 A.M.- Hybrid Hearing: Are Governmentwide Acquisition Contracts Helping or Hurting Small Contractors? Thursday, June 23... Read More »
Our nation’s 30 million small businesses come in all shapes and sizes across various industries. But regardless of the product they sell or the number of employees on their payroll, the ability to access capital is crucial to their success. Unfortunately, our committee frequently hears from entrepreneurs about their struggle to obtain an affordable loan on reasonable, non-predatory terms. The data... Read More »
Washington, D.C.— Today, the House Small Business Committee, led by Chairwoman Nydia M. Velázquez (D-NY), held a hearing reviewing the challenges facing the Small Business Administration’s (SBA) Office of Capital Access (OCA). OCA is responsible for managing the SBA’s loan programs, which provide guarantees for short- and long-term loans on reasonable terms for small businesses that cannot access ... Read More »
The U.S. aviation and aerospace industry is crucial to our national economy and national defense capabilities. From commercial airliners to telecommunications satellites, the aerospace industry touches the lives of countless Americans every day. The industry also provides meaningful employment to over 2 million workers. These are good-paying jobs that allow workers to further their careers and sup... Read More »
Washington, D.C.— Today, the House Small Business Committee Subcommittee on Innovation, Entrepreneurship, and Workforce Development, led by Chairman Jason Crow (D-CO), held a hearing focused on the labor issues facing small businesses in the aviation and aerospace industry. “If the aerospace industry can’t find an adequate number of trained workers, our economy and national security will suffer. T... Read More »
Washington, D.C.— Today, the House Small Business Committee, led by Chairwoman Nydia M. Velázquez (D-NY), passed seven bipartisan bills to extend the statute of limitations on small business pandemic fraud cases, enhance workforce development offerings, and improve the procurement process for small businesses. “Small businesses are leading the way in our recovery, and it is important that our comm... Read More »
