Access to Capital

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  • Cincinnati Business Courier: Helping Greater Cincinnati Minority Entrepreneurs Succeed
    Posted in In Case You Missed It on December 4, 2017 | Preview rr
    Tags: Access to Capital

    A decade ago, Ohio was considered a fly-over state. But today, the state is gaining ground on big startup regions. Cincinnati in particular has seen a number of changes in the past few years, including more capital, mentors, incubators and accelerators ready to guide the next generation of innovators. With a goal of pitching ideas to investors during a demo day – think “Shark Tank” – accelerators put entrepreneurs through a fixed-term, group-based program that focuses on mentorships. Though the ... Read more

  • Mid-Sized Businesses: Too Big to be Small and Too Small to be Big
    Posted in Press Releases on November 14, 2017 | Preview rr
    Tags: Tax Reform , Access to Capital, Contracting, Technology

    WASHINGTON—Today, Chairman Steve Chabot (R-OH) and the House Committee on Small Business held a bipartisan roundtable to hear from advanced small and mid-tier businesses and industry experts on the challenges to growth and success. “After a small business has proven its success by growing out of its small size standard, it exists in a murky limbo – it is too large to benefit from small business set-asides, yet is too small to compete with billion dollar firms,” said Chairman Steve Chabot. “Our g... Read more

  • ICYMI: Chairman Chabot Talks Veterans and Small Businesses in The Hill
    Posted in In Case You Missed It on November 13, 2017 | Preview rr
    Tags: Access to Capital

    WASHINGTON – Last week, House Committee on Small Business Chairman Steve Chabot (R-OH) wrote an op-ed for the Hill on veterans starting small businesses once they return from the battlefield, and the tools they need to succeed. “When our nation’s military men and women return home after service, they not only deserve our gratitude, but often times need our help. Many who return do so with the dream of starting their own business. Not surprisingly, those who have served in the military already po... Read more

  • Chairman Chabot Commends House Passage of Save Local Business Act
    Posted in Press Releases on November 8, 2017 | Preview rr
    Tags: Tax Reform , Health, Access to Capital, Energy, Oversight and Regulatory Reform, Rural America, Contracting, International Trade, Workplace Issues, Technology, Disaster Assistance, Environment

    WASHINGTON - Today, House Committee on Small Business Chairman Steve Chabot (R-OH) released the following statement upon House passage yesterday of H.R. 3441, the Save Local Business Act, legislation that will reverse an Obama-era scheme that threatens small businesses. Chairman Chabot is an original co-sponsor of the bill and, earlier this year, sent a letter to the House Education and Workforce Committee in support of H.R. 3441. “Small businesses have been hurting under this rule for years and... Read more

  • Hiring More Heroes: A Review of SBA’s Office of Veterans Business Development
    Posted in Press Releases on November 8, 2017 | Preview rr
    Tags: Access to Capital, Oversight and Regulatory Reform, Contracting

    WASHINGTON—Ahead of Veterans Day, Members of the House Committee on Small Business heard testimony from Ms. Barbara Carson, the Associate Administrator of the Office of Veterans Business Development at the United States Small Business Administration (SBA), on the tools and resources veterans can access to start or expand their small business. “Our nation’s veterans make extraordinary sacrifices, put their lives on the line, and keep our country safe. They are our fathers, mothers, siblings, and ... Read more

  • Investing in Small Businesses: The SBIC Program
    Posted in Press Releases on November 7, 2017 | Preview rr
    Tags: Tax Reform , Access to Capital, Rural America, Contracting, Technology

    WASHINGTON—Today, Members of the Subcommittee on Agriculture, Energy, and Trade heard from a panel of witnesses from all over the country who participate in the Small Business Administration’s (SBA) Small Business Investment Company (SBIC) Program. “As a way to inject more equity into the small business ecosystem to address the gap in long-term financing, the SBA created the Small Business Investment Company Program, also known as the SBIC Program, in 1958,” said Subcommittee Chairman Rod Blum (... Read more

  • Financing Through Fintech: Private Sector Solutions in Improving Small Business Capital Access
    Posted in Press Releases on October 26, 2017 | Preview rr
    Tags: Access to Capital

    WASHINGTON—Today, Members of the House Small Business Committee Subcommittee on Economic Growth, Tax, and Capital Access heard from a group of financial technology (fintech) leaders on online lending’s role in improving small business capital access. “The amount of community banks in the United States has fallen dramatically in recent years, and regulations such as Dodd-Frank have made it more difficult for small businesses to acquire loans through traditional means,” said Subcommittee Chairman ... Read more

  • Fostering Women’s Entrepreneurial Success
    Posted in Press Releases on October 12, 2017 | Preview rr
    Tags: Access to Capital, Contracting

    WASHINGTON—Today, Members of the House Small Business Subcommittee on Health and Technology heard from a panel of women experienced in the challenges women entrepreneurs face in today’s economy, as well as the available resources to support women-owned small businesses. “While women entrepreneurs face many challenges, one major issue women owners face is access to adequate financing opportunities. Men typically launch their businesses with twice the capital women do, and less than 10 percent of ... Read more

  • Committee Examines SBA OIG’s Review of the Microloan Program
    Posted in Articles on October 12, 2017 | Preview rr
    Tags: Access to Capital, Oversight and Regulatory Reform, Contracting

    WASHINGTON—Today, Members of the House Small Business Subcommittees on Investigations, Oversight, and Regulations and Economic Growth, Tax, and Capital Access heard from agency officials from the United States Small Business Administration (SBA) on the SBA’s September 28, 2017 report entitled, “Audit of SBA’s Microloan Program.” “Ultimately, SBA is supposed to make sure that the Microloan Program—a program there to help the littlest of the little guys—is actually fulfilling its purpose. Accordi... Read more

  • High-Tech Agriculture in the Nation’s Heartland
    Posted in Press Releases on October 5, 2017 | Preview rr
    Tags: Access to Capital, Rural America, Technology

    WASHINGTON—Today, Members of the House Small Business Committee Subcommittee on Agriculture, Energy, and Trade heard from a panel of agricultural technology (agtech) and agribusiness professionals on the rapid development of agtech driven by the private sector. “Private sector participation in agtech research and development has surged in recent years. However, the most important stakeholders in any discussion of agtech are the farmers themselves. Small and family farmers cannot risk their time ... Read more