WASHINGTON – According to a new study by Bank of America, women entrepreneurs are optimistic about their future. More specifically, 58 percent of women surveyed believe their revenues will increase next year, up from 44 percent last year. Meanwhile, more than half of women business owners plan to grow their company in the next five years, while 21 percent plan on hiring more workers. “Every week it seems there is a new survey showing that small business owners are optimistic about their company,...
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WASHINGTON – According to the Q3 Metlife & U.S. Chamber of Commerce Small Business Index released this week, small business owners are optimistic about their companies as well as the small business environment overall. “This survey is great news, but not surprising. The strong economy added to the tax reform package and greater access to capital is creating an environment where small businesses can thrive. As their companies grow, small business owners are more optimistic about the future and we...
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WASHINGTON – Today, Chairman Steve Chabot (R-OH) and Subcommittee Chairmen Rod Blum (R-IA), and Dave Brat (R-VA) sent a letter to the Honorable Sonny Perdue, Secretary of the United States Department of Agriculture (USDA), urging USDA to utilize the Committee’s findings from previous hearings to help rural America increase access to capital, improve quality of life, advance rural workforce development, and progress technological innovation. “Ensuring the prosperity of rural America is vital to o...
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WASHINGTON – Recently, the President signed into law the John S. McCain National Defense Authorization Act (NDAA) for Fiscal Year 2019, which included several small business provisions. “Our nation demands a vital small business industrial base: it is fundamental to the health of our nation as a whole. I am grateful to the House Armed Services Committee for working with the Small Business Committee and I look forward to continuing that relationship to ensure that small businesses provide the Dep...
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WASHINGTON – This week, the House Committee on Small Business Subcommittees on Economic Growth, Tax, and Capital Access and Agriculture, Energy, and Trade held a joint hearing to examine venture capital’s role in helping small businesses access capital and highlight success stories of organizations that provide resources to small businesses in rural America. “Access to capital continues to remain a top concern for American small businesses—nowhere more than rural America, which has been slower t...
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WASHINGTON – This week, House Committee on Small Business Chairman Steve Chabot spoke on the House floor in support of the Jobs and Investors Confidence Act, which included legislation he introduced, the Helping Angels Lead Our Startups Act. The HALOS Act, which improves how investors and small businesses connect, passed the House in January of 2017. To watch the full video click below.
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WASHINGTON – Today, House Committee on Small Business Chairman Steve Chabot (R-OH) and Members of the Committee welcomed Amazon and several small businesses that sell on that platform to a roundtable discussion with Committee Members. “I thank Amazon and the businesses for their insight into how e-commerce has given these small businesses a platform to not only sell their goods, but sell their products around the world. It wasn’t surprising to me that small businesses make up more than half of A...
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WASHINGTON – This week, the President signed H.R. 2333, the Small Business Investment Opportunity Act, introduced by Contracting and Workforce Subcommittee Chairman Steve Knight (R-CA), to increase the amount of leverage made available to small business investment companies (SBICs). “No doubt, access to capital remains one of the biggest obstacles for small business owners in growing their companies. Congressman Knight’s bill will allow small businesses to more easily get the financing they need...
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WASHINGTON – Today, President Trump signed into law a bipartisan, bicameral bill led by House Small Business Committee Chairman Steve Chabot (R-OH), Senator Jim Risch (R-ID), Chairman of the Senate Committee on Small Business and Entrepreneurship, House Ranking Member Nydia Velázquez (D-NY) and Senator Jeanne Shaheen (D-NH). The bill, the Small Business 7(a) Lending Oversight Reform Act, will ensure appropriate oversight of Small Business Administration’s (SBA) flagship loan program and improve ...
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MISSISSIPPI – This afternoon, the House Small Business Committee held a field hearing in Southaven, Mississippi to examine issues facing rural small businesses including access to capital, lack of reliable broadband, and finding qualified employees. Subcommittee Chairman on Investigations, Oversight, and Regulations Trent Kelly (R-MS) said, “Although the economy is getting stronger, rural America is still recovering from the 2008 recession. Today we asked these small business owners to share wit...
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