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  • ICYMI - WSJ: A Jobs Rally At Last
    Posted in In Case You Missed It on June 2, 2017 | Preview rr

    This week, the National Federation of Independent Business’s May report showed that hiring at small businesses surged this past month, according to a Wall Street Journal article. "Owners of small companies report an adjusted average employment increase of 0.34 workers per firm over the past few months. “Few readings in the past 43 years have been higher,” says NFIB Chief Economist William Dunkelberg. This is the strongest report since February of 2006." "Owners of small businesses are planning ... Read more

  • Knight Introduces Bipartisan Bill to Hold SBA Accountable, Spur Innovation
    Posted in Press Releases on May 30, 2017 | Preview rr

    WASHINGTON – House Small Business Subcommittee on Contracting and Workforce Chairman Steve Knight (R-CA) today introduced H.R. 2763, the “Small Business Innovation Research and Small Business Technology Transfer Improvements Act of 2017,” to update and improve the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Programs. Specifically, H.R. 2763 reinforces the requirement that the SBA give a comprehensive annual report of the SBIR and STTR programs to Congr... Read more

  • All Work and No Pay: Change Orders Delayed for Small Construction Contractors
    Posted in Press Releases on May 25, 2017 | Preview rr

    WASHINGTON – Today, the House Small Business Subcommittee on Contracting and Workforce and the Subcommittee on Investigations, Oversight, and Regulations heard from small businesses and experts about the effects of change orders on small business contractors and solutions to ease the financial burden. “In contracting, a certain degree of reasonable delay is expected when changes are made; however, this becomes inexcusable when federal agencies are unwilling to formally execute change orders and ... Read more

  • Fitzpatrick Introduces Bipartisan Bill to Ensure Small Business Federal Contractors Get Paid
    Posted in Press Releases on May 23, 2017 | Preview rr

    WASHINGTON – House Small Business Committee Member Rep. Brian Fitzpatrick (R-PA) introduced H.R. 2594 the Small Business Payment for Performance Act to ensure small business federal contractors get paid in a timely manner for change orders. Specifically, the legislation allows contractors to submit a request for equitable adjustment (REA) - or an increase in fee - to the agency. The contractor may then bill the agency for any actual change order work completed, while the REA is pending. Once the... Read more

  • SBC Examines How SBA Can Help Small Businesses in the Global Marketplace
    Posted in Press Releases on May 23, 2017 | Preview rr
    Tags: International Trade

    WASHINGTON – Today, the House Small Business Committee heard from the Small Business Administration (SBA) about its ongoing efforts to help small businesses participate in the international marketplace. Peter Cazamias, the Associate Administration of the Office of International Trade, testified on behalf of the SBA. “There is no question that foreign markets hold incredible opportunities for America’s small businesses. Ninety-five percent of all consumers live outside the borders of the United S... Read more

  • Small Business Committee Reviews SBA’s 7(a) Loan Program
    Posted in Press Releases on May 17, 2017 | Preview rr

    WASHINGTON— Officials from the Small Business Administration (SBA) told members of the House Small Business Committee today that they are working diligently to make sure small businesses can get the capital they need to grow their companies while conducting proper oversight of the 7(a) loan program, SBA’s most common loan program, to maintain a zero subsidy cost to the taxpayer. “As the 7(a) Program grows in terms of loan volume, loan amount, and the Congressionally-authorized loan limit, we owe... Read more

  • SBC Urges GAO to Examine SBA’s Office of International Trade’s (OIT) Grant Program
    Posted in Press Releases on May 17, 2017 | Preview rr

    WASHINGTON – House Small Business Committee Chairman Steve Chabot (R-OH) sent a letter yesterday to the Honorable Gene Dodaro, Comptroller General of the United States at the Government Accountability Office (GAO) requesting he examine the Small Business Administration’s (SBA) Office of International Trade’s (OIT) State Trade and Export Promotion (STEP) Grant Program. “Because it is a grant-making program, the Committee wants to ensure that taxpayer-funded grants are being spent appropriately. I... Read more

  • ICYMI: Good News: Increased Health Care Options for Small Businesses?
    Posted in In Case You Missed It on May 16, 2017 | Preview rr

    WASHINGTON - This week, the Centers for Medicare and Medicaid Services (CMS) announced that small businesses can enroll their employees directly in a health insurance company instead of having to do it through Obamacare’s Small Business Health Options Program (SHOP). Wall Street Journal: White House Closes a Health-Care Enrollment Option WSJ Excerpt: “Our goal is to reduce ACA burdens on consumers and small businesses and make it easier for them to purchase coverage,” Seema Verma, the administr... Read more

  • ICYMI: Key Witness at House SBC Hearing Featured in Glamour
    Posted in In Case You Missed It on May 15, 2017 | Preview rr
    Tags: Access to Capital

    ICYMI: Key Witness at House SBC Hearing Featured in Glamour WASHINGTON - On May 3, Carolyn Rodz, Founder and CEO of Circular Board, a virtual accelerator, spoke before the House Small Business Committee to discuss empowering small businesses through the accelerator model. This week, Carolyn was featured in Glamour, talking about how she and fellow entrepreneur Elizabeth Gore, the entrepreneur-in-residence of Dell Inc, created Alice, the first AI platform for women entrepreneurs. Alice will be a... Read more

  • Chairman Chabot Visits Local SBDC
    Posted in Press Releases on May 11, 2017 | Preview rr

    CINCINNATI—House Small Business Committee Chairman Steve Chabot (R-Ohio) visited the Ohio SBDC this week at the Greater Cincinnati Urban League – Union Institute and University. The event was held to hear more about how the program operates and the effect it’s had on small businesses in the community. “SBDCs are an important resource for small businesses and entrepreneurs, and we’re lucky to have them in the Cincinnati region. From credit information to business plan advice this program is here... Read more