Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) issued the following statement after the Labor Department released its September jobs statement: “Sadly, today’s jobs report confirms recent warnings that our economy is cooling. As President Trump feuds with our global trading partners, America’s small businesses and consumers continue to feel the sting o... Read more »
Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velazquez (D-NY) and Ranking Member Steve Chabot (R-OH) penned a letter to the Chair and Ranking Member of the House Ways & Means Committee in support of H.R. 1175, the Craft Beverage Modernization and Tax Reform Act of 2019. The bill would make permanent tax reforms passed in 2017 that have lowered the tax burden on small... Read more »
Washington, D.C.— House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) has announced several Committee hearings for the month of October: Wednesday, October 16, 2019 – 11:30 A.M.: SBA Management Review: SBA IG Report on the Most Serious Management and Performance Challenges Facing the SBA Thursday, October 17, 2019 – 10:00 A.M.: Can Opportunity Zones Address Concerns in the Small Bu... Read more »
Washington, D.C.— Today, the House Small Business Committee, under Chairwoman Nydia Velázquez (D-NY), conducted a two-panel hearing into allegations of mismanagement and delays within the Small Business Administration’s (SBA) Small Business Investment Company (SBIC) program. The SBIC program provides debt and equity financing to high-risk small businesses without access to capital from traditional... Read more »
Since 1958, the Small Business Investment Company (SBIC) program has been an integral part of SBA’s mission to provide small businesses with affordable capital and helping them create good-paying jobs. The specific goal of the SBIC program is to fill the gap between the availability of venture capital and the needs of “high-growth potential” small businesses in startup and early-stage situations. ... Read more »
Washington, D.C.— Today, the House Small Business Committee passed four bipartisan bills to improve key SBA entrepreneurial initiatives that spur business formation and job creation. “Whether it is helping to create a business plan, navigate the procurement process, or market a new product, SBA’s entrepreneurial development programs help small business owners, and particularly those from underserv... Read more »
Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) announced the introduction of four bipartisan bills to strengthen counseling and training services provided by the Small Business Administration and its resource partners. Specifically, the bills make important reforms to the following programs: Small Business Development Centers (SBDCs), Women’s Business ... Read more »
One of the keys to long term growth in our economy is to create an environment that encourages innovation. We know that when given the opportunity, small firms have proven that they can lead the way innovating and creating new jobs. Many innovations and businesses that we benefit from today found their start in basements and garages around the country. From 2000 to 2017, small businesses created 8... Read more »
Washington, D.C.— Today, the House Small Business Subcommittee on Innovation and Workforce Development, under Chairman Jason Crow (D-CO), held a hearing focused on SBA programs supporting innovation in the small business sector. The hearing centered on initiatives like Small Business Innovation Research (SBIR), Small Business Technology Transfer (STTR), and Growth Accelerator Competition Fund Pilo... Read more »
Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) gathered members of the small business community to discuss their experiences with the Small Business Administration’s 8(a) program. The 8(a) program was created by Congress to help disadvantaged businesses compete in the federal procurement space and to level the playing field when it comes to government ... Read more »
