America’s small businesses are a catalyst for creating employment opportunities and driving growth in the U.S. economy. That is because the 30 million small firms in the U.S. represent over 99 percent of all employers, and support nearly 56 million jobs. That is why we need to be enacting policies that help small businesses deliver the products, services, jobs, innovation, and income that American... Read more »
Washington, D.C.—On March 10th at 11:30 A.M., the House Committee on Small Business will hold a hearing on the impact of the coronavirus on American small businesses and the economy. “Not only has coronavirus caused thousands of tragic deaths around the globe, this public health crisis also threatens the fabric of our economy, which is woven together by small businesses,” said Chairwoman Velázquez... Read more »
Whether it’s the roads, rails, and bridges that we use to transport our goods, the utility systems that power our factories, or the telecommunications networks that connect consumers to businesses, maintaining America’s infrastructure is fundamental to a robust economy and to the nation’s competitiveness. Historically, America’s infrastructure network has fostered strong economies and allowed us t... Read more »
Today, we have the opportunity to welcome the Honorable Jovita Carranza, the 26th Administrator of the Small Business Administration, to our Committee. While there are many political and ideological differences represented on this Committee, one thing we all agree on is the importance of small businesses to our nation’s economy. America’s 30 million small businesses are the cornerstones of our com... Read more »
Washington, D.C.— Today, following the release of House Democrats’ framework for a five-year $760 billion infrastructure investment, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) released a report breaking down the benefits the plan would have on the nation’s small businesses. “Whether it’s connecting to high-speed broadband networks for selling products online or being able ... Read more »
Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) announced that the newly confirmed head of the Small Business Administration (SBA) will be testifying before the full Committee on Wednesday, February 26th at 11:30 A.M. “I am looking forward to the opportunity to gain a greater understanding of Administrator Carranza’s plans to run the agency, which inclu... Read more »
Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) released a report outlining how the Trump Administration’s 2021 budget proposal will harm small businesses and entrepreneurship in America. “President Trump’s budget is full of broken promises and instead of investing in the future, threatens to leave America’s small business men and women behind,” said Ve... Read more »
Washington, D.C.— Yesterday, the House Committee on Small Business Subcommittee on Innovation and Workforce Development, led by Rep. Jason Crow (D-CO), examined the collaborative relationship between research universities and small businesses that fuels technological innovation. Each year, universities and research institutions create thousands of patents that are then commercialized by small busi... Read more »
Our Committee has a longstanding tradition of working in a bipartisan manner on behalf of America’s 30 million small businesses. We work together to make the programs at SBA more effective and seek ways to encourage entrepreneurship and job growth on Main Street. And because small businesses are such an important part of our economy, what we do here impacts the lives of nearly every American. At a... Read more »
Washington, D.C.— Today, the House Small Business Committee, under Chairwoman Nydia M. Velázquez (D-NY) explored the benefits and challenges facing small businesses that utilize Employee Stock Ownership Plans (ESOPs) and other types of employee-owned business models. Worker-owned business have been steadily increasing in popularity over the years, with 12% of the workforce currently employed by a ... Read more »
