WASHINGTON – This week, Wells Fargo/Gallup released a survey touting the record-high optimism U.S. small business owners’ are experiencing, the highest in 15 years. According to the report: Cash flow and positive financial situation are strong drivers of optimism. 78 percent of small business owners rate their current financial situation as very or somewhat good, compared with 73 percent in the second quarter of 2018. 69 percent of small business owners rate their cash flow in the past 12 months...
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Cincinnati, OH – Congressman Steve Chabot (R-Westwood) made the following statement today regarding the announcement that the U.S. Small Business Administration (SBA) is opening a Women’s Business Center in Cincinnati: “The announcement that the SBA is opening a Women’s Business Center in Cincinnati is tremendous news. Women-owned small businesses have had a remarkable impact on our nation’s economy. With an estimated 11.6 million women-owned businesses employing nearly 9 million Americans, it’s...
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WASHINGTON – This week, the National Federation of Independent Business (NFIB) announced that its small business optimism index rose in February to its second-highest reading in the 45-year history of the monthly survey. According to the report: Taxes received the fewest votes as the #1 business problem since 2006 Reports of improved earnings trends were the highest since 1987 Inventory investment was the strongest since 2000, fueling GDP growth Reports of actual capital outlays rose to the high...
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WASHINGTON – This week, House Committee on Small Business Chairman Steve Chabot (R-OH) spoke on the House floor in support of H.R. 4607, the Comprehensive Regulatory Review Act. This follows a hearing the Committee held last week to examine a Government Accountability Office (GAO) report that identified a number of financial regulations that burden community banks and credit unions. On the floor, Chairman Chabot said: “I want to thank Chairman Hensarling, and the entire Financial Services Commit...
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WASHINGTON – This week, House Committee on Small Business Chairman Steve Chabot (R-OH) wrote an op-ed with House Judiciary Chairman Bob Goodlatte (R-VA), Senate Small Business Chairman Jim Risch (R-ID) and Senator James Lankford (R-OK) for The Hill on how Congress should do more when considering how regulations affect small businesses: Every day, millions of American small business owners and their employees work hard to develop products, provide services, and create jobs that grow our economy. ...
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A decade ago, Ohio was considered a fly-over state. But today, the state is gaining ground on big startup regions. Cincinnati in particular has seen a number of changes in the past few years, including more capital, mentors, incubators and accelerators ready to guide the next generation of innovators. With a goal of pitching ideas to investors during a demo day – think “Shark Tank” – accelerators put entrepreneurs through a fixed-term, group-based program that focuses on mentorships. Though the ...
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WASHINGTON – Last week, House Committee on Small Business Chairman Steve Chabot (R-OH) wrote an op-ed for the Hill on veterans starting small businesses once they return from the battlefield, and the tools they need to succeed. “When our nation’s military men and women return home after service, they not only deserve our gratitude, but often times need our help. Many who return do so with the dream of starting their own business. Not surprisingly, those who have served in the military already po...
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WASHINGTON- This week, Congressman Bill Johnson (R-OH) wrote an op-ed on why lawmakers need to finish the year strong by providing tax cuts for small businesses. “Here in Ohio, small businesses are an especially big deal. A whopping 99.6 percent of our companies are small businesses, according to figures from the U.S. Small Business Administration. They employ over two million Ohioans, making up 46 percent of all employees in-state. In the latest Kauffman Foundation rankings, Columbus and Clevel...
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WASHINGTON—Today, Heidi Pickman, theCommunications and Policy Director of the California Association of Micro Enterprise Opportunity, released an op-ed in support of Chairman Steve Chabot's (R-OH) bill, H.R. 3717, the Small Business Owners' Tax Simplification Act. "As Congress debates tax reform, we hear lots about the middle class, corporations, and the 1 percent, but we haven’t heard much about the gig economy, and we should," stated Heidi Pickman. "What is the gig economy? Do you include ind...
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WASHINGTON – Recently, Vice Chairman Blaine Luetkemeyer (R-MO) wrote an op-ed in the News Tribune in Jefferson City, MO about the House Small Business Committee hearing titled, “How Streamlining Federal Permitting Can Cut Red Tape for Small Business.” The hearing examined how federal permitting requirements burden small businesses and ways to streamline the process. “As many of you know, before a business can begin a construction project it is required to obtain a myriad of permits from the fede...
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