WASHINGTON – House Committee on Small Business Chairman Steve Chabot (R-OH) released the following statement after the gross domestic product (GDP) showed an annual growth rate of 3.5 percent in Q3: “Today’s report is a clear indicator that America’s small business owners and their employees are experiencing continued growth with consumer spending on the rise. This increase in consumer spending has a direct and positive impact on our nation’s 30 million small businesses. There’s no question that...
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WASHINGTON – House Committee on Small Business Chairman Steve Chabot (R-OH) released the following statement on the 30th anniversary of H.R. 5050, (Public Law 100-533), the Women’s Business Ownership Act, becoming law: “Women-owned and led businesses are growing at an extraordinary pace and we need to keep doing what we can to ensure their success. Before the law was passed women not only had few resources available to them as entrepreneurs, but even had to get a husband or male relative to co-s...
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WASHINGTON – Today, House Committee on Small Business Chairman Steve Chabot (R-OH) received the Champion of Small Business Investing Award from the Small Business Investor Alliance (SBIA) for his support of small business access to capital. “I am honored to receive an award helping small businesses gain the capital they need to start and grow their companies. Often when small business owners are struggling to finance their companies, the Small Business Investment Company (SBIC) program steps in ...
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WASHINGTON – Today, House Committee on Small Business Chairman Steve Chabot (R-OH) released the following statement after the United States Office of Management and Budget (OMB) announced that President Trump’s regulatory reform efforts have saved Americans $23 billion in FY 2018. “As Chairman of the House Small Business Committee, I have been diligently working with the Administration to identify the impact new regulations have on small businesses, so we can effectively reduce unnecessary costs...
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WASHINGTON – Today, House Committee on Small Business Chairman Steve Chabot (R-OH) released the following statement to recognize October as National Cyber Security Awareness Month: “Digital technology allows small businesses to sell their products and services all over the world and plays a vital role in our nation’s economy. With 81 percent of small businesses concerned by a potential cyber-attack, but only 63 percent having the most basic cybersecurity measures in place, it’s imperative we are...
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WASHINGTON – Today, House Committee on Small Business Chairman Steve Chabot (R-OH) released the following statement after the United States Department of Labor reported that 134,000 jobs were added in September with unemployment hitting a 49-year low at 3.7 percent. In addition, the National Federation of Independent Business (NFIB) reported that 37 percent of firms are offering higher compensation in September, which is further underscored by the 2.8 percent wage increase generated in 2017. "It...
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October is National Women’s Small Business Month. The Committee on Small Business celebrates all entrepreneurs and wants to take time to recognize the 11.3 million women-owned businesses in the United States, which support almost 9 million jobs. Women-owned businesses generate $1.6 trillion in annual revenue and are starting five times faster than the national average. This is good news for our economic landscape. In celebration of National Women’s Small Business Month, Chairman Chabot (R-OH) re...
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WASHINGTON – Today, House Committee on Small Business Chairman Steve Chabot (R-OH) spoke on the House floor in support of H.R. 6760, the Protecting Family and Small Business Tax Cuts Act, which will greatly benefit America’s small businesses, entrepreneurs, and startups. Click here to watch the video online. As Prepared for Delivery: “Mr. Speaker, I rise in support of H.R. 6760, the Protecting Family and Small Business Tax Cuts Act. “As Chairman of the Small Business Committee, I have closely ex...
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WASHINGTON – Today, the House Committee on Small Business Subcommittee on Economic Growth, Tax, and Capital Access held a hearing to examine how the recent economic expansion is affecting minority-owned small businesses. The hearing focused on how regulatory and tax changes have renewed small business optimism and benefited small business owners. “This morning we had an excellent panel to discuss how the recent surge in economic growth, and the policies enacted this Congress, have impacted minor...
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WASHINGTON – Today, the House Committee on Small Business Subcommittee on Contracting and Workforce held a hearing to examine the pilot and mechanic shortage in the aviation industry, specifically within small businesses. While the shortage has been widely documented, the impact to small firms operating as part of this pipeline remains unexamined. “With airlines growing and their need for pilots and mechanics ever increasing, small businesses are particularly vulnerable to losing their workforce...
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