Press Releases

House Small Business Committee Introduces Bipartisan Small Business Saturday Resolution

f t # e
Washington, November 3, 2017 | comments

WASHINGTON—Yesterday, Chairman Steve Chabot (R-OH) and Ranking Member Nydia Velázquez (D-NY) introduced a bipartisan House resolution to recognize November 25, 2017, the Saturday after Thanksgiving, as “Small Business Saturday.”

The text of H. Res. 603 highlights the important role small businesses play in our nation’s economy, stating that the over 29 million small businesses in the United States:

  • Represent 99.9 percent of all businesses with employees
  • Employ nearly 48 percent of private sector employees
  • Pay 41 percent of total private sector payroll
  • Constitute 98 percent of firms exporting goods
  • Created 1.4 million net new jobs

Our nation is built on hard work, determination, and old-fashioned American ingenuity,” said Small Business Committee Chairman Steve Chabot (R-OH). As Chairman of the House Committee on Small Business, I hear daily of the stories of America’s 29 million small businesses that stretch from West Hollywood to Westwood—my hometown. I thank Ranking Member Velázquez for her support for this bipartisan resolution, and encourage all Americans to ‘shop small’ on November 25.

Local Main Street businesses represent the heart of American entrepreneurship and promise,” said Small Business Committee Ranking Member Nydia M. Velázquez (D-NY). “I am pleased to work with Chairman Chabot in introducing a resolution to recognize Small Business Saturday. Small Business Saturday is a chance for Americans to invest in their communities, enjoy the company of neighbors and shop locally.”

The full Committee co-sponsored this resolution. 

###

f t # e