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Kim Examines Impact of Online Sales Tax on Small Businesses In the Aftermath of Wayfair Decision

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Washington, D.C.— Yesterday, the House Small Business Subcommittee on Economic Growth, Tax, and Capital Access, under Chair Andy Kim (D-NJ) gathered small business owners to hear how online sales taxes are impacting small businesses in the wake of Supreme Court decision South Dakota v. Wayfair, Inc. “The Wayfair decision has created real problems for small businesses like Stikatto, an eCommerce bu... Read more »

Chairwoman Velázquez Secures Disaster Loan Funding for Small Businesses Hurt by Coronavirus

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Washington, D.C.—Today the U.S. House of Representatives passed H.R. 6074, the Coronavirus Preparedness and Response Supplemental Appropriations Act, which enables the Small Business Administration to make an estimated $7 billion in low-cost loans to affected small businesses. “For many American small businesses, the outbreak of coronavirus means fewer customers, gaps in supply chains, and workfor... Read more »

Velázquez Looks at Role of Blockchain Technology in Small Business

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Washington, D.C.— Today, the House Small Business Committee gathered technology experts and small business owners to discuss the growing use of blockchain technology among small businesses and how the technology can benefit entrepreneurs moving forward. “Blockchain technology can help small businesses compete on a more level playing field with larger corporations, by streamlining operations, reduc... Read more »

Chairwoman Velázquez Announces Coronavirus Hearing

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Washington, D.C.—On March 10th at 11:30 A.M., the House Committee on Small Business will hold a hearing on the impact of the coronavirus on American small businesses and the economy. “Not only has coronavirus caused thousands of tragic deaths around the globe, this public health crisis also threatens the fabric of our economy, which is woven together by small businesses,” said Chairwoman Velázquez... Read more »

Velazquez Touts Benefits of Infrastructure Package for Small Business

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Washington, D.C.— Today, following the release of House Democrats’ framework for a five-year $760 billion infrastructure investment, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) released a report breaking down the benefits the plan would have on the nation’s small businesses. “Whether it’s connecting to high-speed broadband networks for selling products online or being able ... Read more »

SBA Administrator Jovita Carranza to Testify Before House Next Week

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Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) announced that the newly confirmed head of the Small Business Administration (SBA) will be testifying before the full Committee on Wednesday, February 26th at 11:30 A.M. “I am looking forward to the opportunity to gain a greater understanding of Administrator Carranza’s plans to run the agency, which inclu... Read more »

Chairwoman Velázquez Releases Report on How Trump 2021 Budget Fails Small Businesses

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Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) released a report outlining how the Trump Administration’s 2021 budget proposal will harm small businesses and entrepreneurship in America. “President Trump’s budget is full of broken promises and instead of investing in the future, threatens to leave America’s small business men and women behind,” said Ve... Read more »

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 »

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