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...
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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...
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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...
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CINCINNATI—House Small Business Committee Chairman Steve Chabot (R-Ohio) met with members of Cincinnati’s Minority Business Accelerator at a roundtable discussion this week. The event was a follow-up to the May 3rd hearing of the Small Business Committee, Empowering Small Businesses: The Accelerator Model. “Last week at the Small Business Committee, we heard from entrepreneurs from across the United States who are using their resources and knowledge of business to help other entrepreneurs succe...
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WASHINGTON -- House Small Business Committee Chairman Steve Chabot (R-Ohio) has the following statement regarding House passage of H.R. 1628: "Americans deserve better than the failing healthcare system they have now. By passing H.R. 1628, the House has acted to remove the crippling burden of Obamacare and give America's 29 million small businesses the freedom and options they need to provide both coverage and care to the millions of families that depend on them." To understand more about how O...
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Washington - Today the House Small Business Subcommittee on Contracting and Workforce held a joint hearing with the House Science, Space and Technology Subcommittee on Research and Technology to collaborate on legislation to improve the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. Last year, Chairman Chabot and the Small Business Committee successfully fought to include a five year reauthorization of SBIR and STTR in the FY2017 National Defen...
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WASHINGTON – Entrepreneurs from across the United States today shared their personal stories of starting and growing successful business accelerators with the House Small Business Committee in celebration of National Small Business Week 2017. “As American businesses and entrepreneurs have worked to bring about economic recovery over the last decade, business accelerators have emerged as an inspiring and effective force,” said House Small Business Committee Chairman Steve Chabot (R-OH). “With an...
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WASHINGTON – Ahead of National Small Business Week, a distinguished group of experts told the House Small Business Committee Subcommittee on Economic Growth, Tax, and Capital Access that small business innovation can spur economic growth. “Washington can do more to help America’s businesses with the largest growth potential— small businesses. They represent 48 percent of the workers in the private sector, and make up an overwhelming amount of all businesses,” said Subcommittee Chairman Brat (R-...
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WASHINGTON—The Members of the House Small Business Committee this evening introduced H. Res. 288, celebrating next week as National Small Business Week. Every President since 1963 has designated National Small Business Week to highlight the unmatched contributions of small businesses the American economy. H. Res 288 details the impact of small businesses in America: Whereas there are more than 29,600,000 small businesses in the United States; Whereas small businesses represent 99.9 percent of a...
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WASHINGTON – Officials from the Government Accountability Office (GAO) and the U.S. Small Business Administration (SBA) told the House Small Business Committee today that SBA’s disaster relief loan program continues to struggle with long processing times, fraudulent claims, and post-disaster communication with small businesses. While witnesses praised the RISE After Disaster Act, bipartisan legislation crafted by the Small Business Committee and signed into law in 2015, they noted that SBA stil...
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