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House Passes Bipartisan Bills to Increase Opportunity for Entrepreneurs

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Washington, D.C.— Today, the House passed four bipartisan small business bills to improve key Small Business Administration (SBA) entrepreneurial initiatives that spur business formation and job creation. “When an entrepreneur has a great idea, be it on Main Street in a rural town or a downtown city block, SBA’s entrepreneurial development centers are there to provide guidance and support,” said C... Read more »

Kim Assesses Impact of Opportunity Zones on Small Businesses

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Washington, D.C.— Yesterday, Rep. Andy Kim (D-NJ), Chair of the House Small Business Subcommittee on Economic Growth, Tax, and Capital Access, convened a panel of experts from the economic development field to examine the role of Opportunity Zones in the small business economy. In 2017, Opportunity Zones were created with the intention of spurring capital investment in economically disadvantaged a... Read more »

Chairwoman Velázquez Invites Big Tech Companies to Testify

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Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) sent formal invitations to four of the world’s largest tech companies requesting their appearance at a November hearing on how small businesses are faring in the landscapes of e-commerce and internet traffic. “It is no secret that big tech platforms have grown exponentially in the digital era, altering the... Read more »

Velázquez Convenes Hearing on Key Management Concerns at SBA

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Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) called in the Small Business Administration’s (SBA) Inspector General (IG) for a hearing focused on management and operational concerns at the SBA. The hearing follows the release of an annual report from the IG outlining significant challenges that exist at the agency. “Without a confirmed Administrator a... Read more »

Chairwoman Velázquez on September Jobs Report

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Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) issued the following statement after the Labor Department released its September jobs statement: “Sadly, today’s jobs report confirms recent warnings that our economy is cooling. As President Trump feuds with our global trading partners, America’s small businesses and consumers continue to feel the sting o... Read more »

Velázquez, Chabot Urge Leaders of Ways & Means Committee to Support Craft Beverage Bill

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Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velazquez (D-NY) and Ranking Member Steve Chabot (R-OH) penned a letter to the Chair and Ranking Member of the House Ways & Means Committee in support of H.R. 1175, the Craft Beverage Modernization and Tax Reform Act of 2019. The bill would make permanent tax reforms passed in 2017 that have lowered the tax burden on small... Read more »

Chairwoman Velázquez Announces October Hearings

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Washington, D.C.— House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) has announced several Committee hearings for the month of October: Wednesday, October 16, 2019 – 11:30 A.M.: SBA Management Review: SBA IG Report on the Most Serious Management and Performance Challenges Facing the SBA Thursday, October 17, 2019 – 10:00 A.M.: Can Opportunity Zones Address Concerns in the Small Bu... Read more »

Velázquez Presses for Reforms to SBA’s SBIC Program

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Washington, D.C.— Today, the House Small Business Committee, under Chairwoman Nydia Velázquez (D-NY), conducted a two-panel hearing into allegations of mismanagement and delays within the Small Business Administration’s (SBA) Small Business Investment Company (SBIC) program. The SBIC program provides debt and equity financing to high-risk small businesses without access to capital from traditional... Read more »

Committee Passes Set of Bipartisan Bills to Improve SBA Entrepreneurial Development Programs

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Washington, D.C.— Today, the House Small Business Committee passed four bipartisan bills to improve key SBA entrepreneurial initiatives that spur business formation and job creation. “Whether it is helping to create a business plan, navigate the procurement process, or market a new product, SBA’s entrepreneurial development programs help small business owners, and particularly those from underserv... Read more »

Chairwoman Velázquez Announces Bipartisan Bills to Improve SBA Entrepreneurial Development Programs

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Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) announced the introduction of four bipartisan bills to strengthen counseling and training services provided by the Small Business Administration and its resource partners. Specifically, the bills make important reforms to the following programs: Small Business Development Centers (SBDCs), Women’s Business ... Read more »

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