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Economic Growth, Tax and Capital Access

Statement of The Hon. Andy Kim on A Review of PPP Forgiveness

| Posted in Statements

We are meeting today to conduct an important hearing on the Small Business Administration’s Paycheck Protection Program, or “PPP,” and specifically, a review of the loan forgiveness process.I want to thank each of the witnesses for their testimonies today. Over the past several months, this Committee has held numerous hearings on the PPP, and we’ve heard from borrowers and lenders about the challe... Read more »

Kim Gathers Small Business Owners and Lenders to Shed Light on PPP Loan Forgiveness Problems

| Posted in Press Releases

Washington, D.C.- Today, the House Small Business Subcommittee on Economic Growth, Tax, and Capital Access, led by Rep. Andy Kim (D-NJ), inspected issues related to the Small Business Administration’s (SBA) Paycheck Protection Program (PPP) loan forgiveness process. Small business owners and lenders testified on problems they have encountered while navigating the loan forgiveness process. “Loan fo... Read more »

Subcommittee Looks to Strengthen Small Business Supply Chains

| Posted in Press Releases

Washington, D.C.— Today, the House Small Business Committee Subcommittee on Economic Growth, Tax, and Capital Access heard testimony from small business owners and experts about the impact of the COVID-19 crisis on small business supply chains. Since the onset of the pandemic, many small business supply chains have been disrupted, exposing long-standing vulnerabilities in the way that firms acquir... Read more »

Kim Assesses Impact of Opportunity Zones on Small Businesses

| Posted in Press Releases

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 »

Statement of The Hon. Andy Kim on The Importance of Accurate Census Data to Small Business Formation and Growth

| Posted in Statements

One of the most important goals of this Subcommittee is to assure that small businesses are equipped with the tools they need to grow, create new jobs, and generate wealth in their communities. No matter where a business decides to set up shop, whether it’s in the middle of a large metropolis, or on main street in a rural town, every business needs a plan. From determining a location, to finding w... Read more »

Statement of the Hon. Andy Kim on SBA 7(a) Budget Proposal and the Impact of Fee Structure Changes

| Posted in Statements

On this Subcommittee, we are focused on making sure that small businesses, whether in my district in New Jersey—in Ranking Member Hern’s district in Oklahoma, and in every other district across America, can access the capital they need to start, grow, and create new jobs.And we know that when capital is affordable and accessible, small businesses can do what they do best, strengthen our communitie... Read more »

Kim Holds Hearing on Small Business Microloan Program

| Posted in Press Releases

Washington, D.C.—Today, Rep. Andy Kim (D-NJ), Chair of the House Small Business Subcommittee on Economic Growth, Tax, and Capital Access, convened a panel of entrepreneurs, lenders and experts to hear their perspectives and experiences with the Small Business Administration’s (SBA) Microloan program. “As head of the Subcommittee focused on expanding access to capital, today was an opportunity to p... Read more »

Statement of Rep. Andy Kim on Exploring Challenges and Opportunities of Underserved Businesses in the 21st Century

| Posted in Statements

Small businesses make up over 99 percent of all businesses in the United States and employ almost half of our nation’s workers. In 2018 alone, America’s small employers added 1.9 million net new jobs to the economy. As I’ve seen firsthand in my district in South Jersey, Main Street businesses are the backbone of our communities. In my home state, small businesses employ nearly 2 million people, ma... Read more »

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