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Statements

Statement of the Hon. Dean Phillips on SBA's Role in Climate Solutions

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The coronavirus pandemic may have been the most severe and widespread shock to the global economy in recent history. It was a harsh reminder of the economic and social injury that come with being unprepared. The impact to small businesses in the U.S. has been especially damaging. In an effort to quickly address the crisis, Congress established emergency relief programs like the Paycheck Protection...

Statement of the Hon. Nydia Velazquez on Strengthening the Cybersecurity Posture of America’s Small Business Community

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As new technology has made America more dependent on digital tools, malicious actors have been launching more frequent and severe cyber-attacks. In the early months of 2021, we’ve seen a wide array of headlines detailing attacks on institutions like large corporations and municipal governments. Just yesterday, the Biden administration acknowledged that hackers affiliated with the Chinese governmen...

Statement of the Hon. Sharice Davids on Innovation as a Catalyst for New Jobs: SBA’s Innovation Initiatives

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For many years, America's innovative prowess has propelled our nation to become the world's preeminent economic power. Our economic dominance has, in part, been driven by federal investment in research and development. By prioritizing innovation, the federal government has financed inventions and discoveries that have benefited the economy and improved lives across the globe. Innovations has also ...

Statement of the Hon. Jared Golden on Rural American Recovery: The Role of Small Businesses and Entrepreneurship

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The health of the economy in rural communities is strongly tied to the overall well-being of the American economy. Rural areas hold the vast majority of our country’s land and supply the rest of the country with the food, water, and energy we depend on. And yet, as the representative of one of the most rural districts in the country, I’ve seen countless examples of the ways rural communities are i...

Statement of the Hon. Jason Crow on Jobs! Jobs! Jobs!

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The COVID-19 pandemic inflicted a once-in-a-lifetime economic shock on our nation. The small businesses that make up the foundation of our economy were particularly hard hit. Despite government efforts, nearly 200,000 businesses that closed their doors during the pandemic may never reopen. These enterprises were more than just storefronts; they were entrepreneurs’ livelihoods, job creators, and pi...

Statement of the Hon. Nydia M. Velazquez on 2021 Member Day Hearing

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Today is a chance for the Committee to hear directly from our fellow Members of Congress about their priorities for supporting programs and policies that promote small business creation and growth. Last year was a pivotal moment across our country and we all experienced – and still are because the pandemic is not over – something unprecedented. Our nation’s entrepreneurs closed more doors in 2020 ...

Statement of the Hon. Dean Phillips on CMMC Implementation: What It Means for Small Businesses

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Cyber-attacks have the potential to threaten public safety and undermine the American economy and national security. The early months of 2021 provided harsh reminders of this fact. Over the past 6 months, hackers and other malicious actors have held an oil pipeline for ransom, breached the nation’s largest transit network, and attacked private companies to obtain sensitive customer data. According...

Statement of the Hon. Jared Golden on Supporting Small Entities through Investments in the National Infrastructure: Broadband

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In 2020, COVID-19 widened the digital divide and highlighted the importance of reliable and affordable broadband for American small businesses. Many small businesses shifted operations online to stay connected to their customers as people stayed home to slow the spread of the virus. This digital adaptation proved to be crucial to small business success. According to a survey by the Connected Comme...

Statement of the Hon. Sharice Davids on Reversing the Decline in Women Entrepreneurship: Opportunities for Rebuilding the Economy

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Women are at the center of the American economy. They make up nearly half the workforce and own an estimated 42 percent of all U.S. businesses. Before the pandemic, these women-owned businesses employed 9.4 million workers and generated $1.9 trillion in revenue. Businesses owned by women of color were experiencing exceptional growth. Pre-COVID, firms owned by women of color grew at 43 percent, one...

Statement of the Hon. Kweisi Mfume on Utilization of Small Contractors in the Infrastructure Plan

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Infrastructure helps form the foundation of our nation. Every day, Americans across the country rely on infrastructure to commute to work, access clean water, and communicate with each other. But despite infrastructure’s fundamental importance to our country, it has become an afterthought over the past several decades. The U.S. is the wealthiest country globally but is ranked 13th worldwide when i...

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