Washington, D.C.— Today, the House Small Business Committee, under Chairwoman Nydia M. Velázquez (D-NY), passed a bipartisan bill to reauthorize the Small Business Administration’s (SBA) State Trade Expansion Program (STEP) for four fiscal years and make numerous improvements to the program. “Since its inception, STEP has helped thousands of small businesses break into the international marketplac... Read More »
Washington, D.C.— Today, the House Small Business Committee, under Chairwoman Nydia M. Velázquez (D-NY), held a hearing reviewing the operations of the Small Business Administration’s (SBA) Office of International Trade (OIT), which is responsible for supporting small business international trade development and encouraging small business exports. OIT’s primary responsibility is administering the ... Read More »
For small businesses, exporting products abroad can jump-start growth and unlock an enterprise’s full potential. Nearly 96 percent of consumers live outside of the United States. When small firms sell their products internationally, they can reach countless new customers, become more resilient, and boost their bottom line. The approximately 166,000 small businesses in the U.S. that export account ... Read More »
Washington, D.C.— Today, the House Small Business Committee Subcommittee on Innovation, Entrepreneurship, and Workforce Development under Chairman Jason Crow (D-CO) held a hearing exploring how Congress can utilize youth apprenticeship programs to strengthen the labor force and attract young workers to small businesses. “Increasingly, young people are turning to youth apprenticeship programs to ga... Read More »
Advances in technology have created countless benefits for small businesses and consumers. Today, entrepreneurs can sell their offerings globally and customers have more access to the products and services they want than ever. At the same time, increased technological adoption has created unintended consequences that are harming entrepreneurs, particularly in rural communities like the one I repre... 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 August jobs report showing that non-farm payroll employment increased by 315,000: “Today’s jobs report showcases the strength of our economic recovery under the Biden administration. Since President Biden took office, we’ve added nearly... Read More »
Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) released the following statement after the House passed the Inflation Reduction Act: “Under the Biden Administration, American small firms have enjoyed record years in terms of job creation and new business startups. Overall, our economy has added nearly 10 million jobs since President Biden took office an... 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 July jobs report showing that non-farm payroll employment increased by 528,000: “Today’s jobs report crushed expectations, adding a robust 528,000 jobs and showcasing the resiliency of our recovery. With today’s report, we’ve passed an ... Read More »
Washington, D.C.— Today, President Joe Biden signed into law the PPP and Bank Fraud Enforcement Harmonization Act and the COVID-19 EIDL Fraud Statute of Limitations Act of 2022. These two bills, introduced by Chairwoman Nydia M. Velázquez (D-NY) and Ranking Member Blaine Luetkemeyer would extend the statute of limitations for certain fraud cases involving the Paycheck Protection Program (PPP) and ... Read More »
Washington, D.C.— Today, the House passed H.R. 5118, the Wildfire Response and Drought Resiliency Act, a package of 49 bills that will help protect communities against catastrophic wildfires, enhance drought resiliency, and ensure a whole-of-government approach to wildfire and drought issues. The bill included a bipartisan amendment offered by Chairwoman Nydia M. Velazquez (D-NY) and Rep. Garrett ... Read More »
Last November, President Biden signed the $1.2 trillion Bipartisan Infrastructure Bill into law. The package culminated years of work to reverse decades of underinvestment and revitalize American infrastructure. This effort represents the most significant investment in America’s infrastructure in generations. The funds outlined in the bill, include $550 billion in new spending, which will help reb... Read More »
Washington, D.C.— Today, the House Small Business Committee, under Chairwoman Nydia M. Velázquez (D-NY), held a hearing focused on increasing small business participation in infrastructure projects by strengthening the Small Business Administration’s (SBA) Surety Bond Guarantee Program (SBG). Every year, SBG helps thousands of small firms access government contracts by guaranteeing surety bonds, w... Read More »
In the rural areas that make up most of my district, the benefits of small businesses go much further than jobs and a tax base. They also provide community. I’ve seen it with my parents’ small business, where you can often find folks from all over Leeds and the surrounding towns coming together to catch up, shoot the breeze, and check in on one another. Small businesses across rural America are es... Read More »
Washington, D.C.— Today, Rep. Sharice Davids (D-KS), Chairwoman of the Subcommittee on Economic Growth, Tax, and Capital Access, convened a panel of trade experts and small business exporters to discuss how international trade can fuel small business recovery and growth. The hearing focused on the current state of the Small Business Administration’s (SBA) State Trade Enhancement Program (STEP) and... Read More »
American entrepreneurs are nearly always looking to expand their businesses. Whether it’s hiring new workers, offering new products, or opening new locations, small business owners always have an eye on growth. In recent years, increased globalization and digital adoption have led many small businesses to expand their offerings into international markets. Approximately 166,384 small businesses in ... Read More »
