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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
