Technology

Blockchain Technology Offers Range of Possibilities for Small Business

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WASHINGTON – Today, the House Committee on Small Business heard from experts and small business owners on the various ways entrepreneurs are leveraging blockchain technology. “Blockchain technologies are one of the newest advancements with the potential to create a positive effect on our industries,” said Ranking Member Steve Chabot (R-OH).  “It is important to examine this growing…

Innovative Ideas Flourish With Support from Small Businesses and Universities

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WASHINGTON – Today, the House Small Business Subcommittee on Innovation and Workforce Development heard from experts on cultivating the innovation pipeline from universities to small businesses. “Studies show that when universities and firms have both close personal and geographical links, these connections help produce greater innovative outcomes. Ohio’s colleges and universities spent…

Witnesses Explain Benefits of Intellectual Property Protections for America’s Innovators

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WASHINGTON – Today, the House Committee on Small Business heard from a panel of experts on patent diversity and intellectual property (IP) protections. “Studies show that small business owners with IP protections can earn 32 percent more in revenue compared to their counterparts who have none.  Firms with IP rights also pay, on average, 20 percent more in wages,” said Ranking Member…

Small Business Owners, Tech Firms Talk Main Street Impact of Digital Platforms

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WASHINGTON – Today, the House Committee on Small Business heard from small business owners and representatives of large technology companies on the impact of digital services and tools on small businesses. “The digital age has caused a revolution for small businesses… Small firms can now utilize cutting edge products and services to respond to market changes more swiftly, being agile to…

SBA Programs Spur Cutting-Edge Technology and Small Business Growth

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WASHINGTON – Today, the House Committee on Small Business Subcommittee on Innovation and Workforce Development heard from small business owners about the benefits of the SBA’s Small Business Innovation Research (SBIR), Small Business Technology Transfer (STTR), and Growth Accelerator Fund Competition programs. “The SBIR and STTR programs bridge the gap between the fantastical and the…

Small Business Committee Passes 6 Bipartisan Bills

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Small Business Committee Passes 6 Bipartisan Bills  WASHINGTON - Yesterday, the House Committee on Small Business held a markup of legislation to amend the Small Business Act and the Small Business Investment Act. All six bills passed through Committee on bipartisan votes. "Our Committee has continued its work on important subjects like increasing access to capital for…

Chabot Opening Statement at Hearing on Boosting Rural Digital Technology

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Chabot Opening Statement at Hearing on Boosting Rural Digital Technology WASHINGTON - The House Committee on Small Business met today for a hearing titled, "Flipping the Switch on Rural Digital Entrepreneurship."  Ranking Member Steve Chabot (R-OH) delivered the following opening statement:  Remarks as Prepared for Delivery Thank you, Madam Chairwoman. …

Ranking Member Chabot Introduces Two Bipartisan Small Business Cybersecurity Bills

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Ranking Member Chabot Introduces Two Bipartisan Small Business Cybersecurity Bills WASHINGTON – Last week, House Committee on Small Business Ranking Member Steve Chabot (R-OH) reintroduced two bipartisan pieces of legislation to improve cybersecurity resources for America’s small businesses.  H.R. 1648, the Small Business Advanced Cybersecurity Enhancements Act of 2019,…

Small Business Committee Explores Small Business Perspective on Infrastructure Reform

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Small Business Committee Explores Small Business Perspective on Infrastructure Reform WASHINGTON – The House Committee on Small Business met today for a hearing titled, “Rebuilding America: Small Business Perspective.”  Ranking Member Steve Chabot (R-OH) delivered the following opening statement: Remarks as Prepared for Delivery Thank you, Madam Chairwoman. During my tenure as…