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Press Releases

Crow Looks to Strengthen Innovation Pipeline Between Universities and Small Businesses

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Washington, D.C.— Yesterday, the House Committee on Small Business Subcommittee on Innovation and Workforce Development, led by Rep. Jason Crow (D-CO), examined the collaborative relationship between research universities and small businesses that fuels technological innovation. Each year, universities and research institutions create thousands of patents that are then commercialized by small busi... Read more »

Velázquez Looks to Address Issues Facing Employee Owned Small Businesses

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Washington, D.C.— Today, the House Small Business Committee, under Chairwoman Nydia M. Velázquez (D-NY) explored the benefits and challenges facing small businesses that utilize Employee Stock Ownership Plans (ESOPs) and other types of employee-owned business models. Worker-owned business have been steadily increasing in popularity over the years, with 12% of the workforce currently employed by a ... Read more »

Chairwoman Velázquez on Trump Budget for 2021

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Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) released the following statement in response to President Trump’s 2021 Budget request: "Instead of serving as a blueprint for the future, the Trump budget seeks to slash the funding our small businesses rely on to stay competitive and innovative in a 21st century economy. “I am extremely disappointed that ... Read more »

Finkenauer Explores Impact of Childcare on Small Business and Local Economies

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Washington, D.C.— Yesterday, Rep. Abby Finkenauer (D-IA), Chairwoman of the House Small Business Subcommittee on Rural Development, Agriculture, Trade, and Entrepreneurship gathered small business owners and an education expert to examine the impact that childcare has on small business and regional economies. “When parents can’t access affordable childcare, the effects are felt across our economy,... Read more »

Chairwoman Velázquez Seeks Update from SBA on HBCU Outreach

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Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) led four Members of Congress in a bipartisan letter to the Associate Administrator of the Small Business Administration (SBA) Allen Gutierrez regarding the agency’s progress in implementing its outreach goals to better provide entrepreneurial services to Historically Black Colleges and Universities (HBCUs)... Read more »

Velázquez Conducts Oversight of SBA Office Overseeing Credit Risk

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Washington, D.C.— Today, Rep. Nydia M. Velázquez (D-NY), Chairwoman of the House Small Business Committee, conducted oversight of the Small Business Administration (SBA) Office of Credit Risk Management (OCRM). OCRM is responsible for assessing the risk levels of SBA lending partners and oversees the $120 billion 7(a) and 504 loan portfolios. “The SBA 7(a) loan program plays an essential role in f... Read more »

Velázquez Examines SBA Field Operations

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Washington, D.C.— Today, the House Small Business Committee under Chairwoman Nydia M. Velázquez (D-NY) conducted oversight of the Small Business Administration’s (SBA) Office of Field Operations (OFO). The OFO oversees SBA regional and district offices that are the point of delivery for most SBA initiatives and serve as the agency’s “boots on the ground.” “SBA’s field team serves on the front line... Read more »

Velázquez Says American Small Businesses Will Pay Price of Trump Wine Tariffs on Europe

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Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) and eight Committee Democrats sent a letter to U.S. Trade Representative Robert Lighthizer expressing concern over the Trump Administration’s decision to impose retaliatory tariffs on European wines, which they say will mainly hurt American small businesses. In October, the Trump Administration imposed a 2... Read more »

Velázquez Looks to Increase Equity for Women and Minorities in the Patent System

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Washington, D.C.— Today, the House Small Business Committee under Chairwoman Nydia Velázquez (D-NY) held a hearing examining the issue of patent diversity and how a lack of diversity in the innovation process is hindering the economy and small business. Studies show that women and minorities apply and obtain patents at a rate significantly lower than their white male counterparts, effectively lock... Read more »

Crow Surveys Role of Small Business in Ag-Tech and Impact of New Technologies on Small Farms

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Washington, D.C.— Today, the House Small Business Subcommittee on Innovation and Workforce Development, chaired by Rep. Jason Crow (D-CO), held a hearing examining how small businesses are driving growth in the agricultural technology (ag-tech) industry and how these technological developments are benefiting America’s small farms. “Farming and agriculture are at the heart of strong economies aroun... Read more »

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