I must admit, when I heard the title of this hearing, I was terrified. The censorship industrial complex? That sounds frightening! The thought that thousands of universities, NGOs, and government agencies are partnering to silence any dissenting views is a horrifying proposition. Are they really trying to silence our cherished small businesses?
Thankfully, the idea itself is fiction,… Read more »
I’d like to start off by thanking Associate Administrator Frost for joining us here this morning. Ms. Frost, welcome to the committee. The COVID-19 pandemic posed a historic threat to our nation’s small businesses. The number of active business owners in the US plummeted by 3.3 million, or 22 percent, over a two-month period from February to April 2020.
The drop in business owners… Read more »
We all know that small businesses are the lifeblood of the economy, but that is especially the case in health care, where small companies are at the forefront of technological innovation and are developing many groundbreaking new products.
And their influence is growing each year. According to one study, the proportion of new drugs discovered by small startups more than doubled… Read more »
Main Street businesses are the lifeblood of our nation’s economy, driving innovation and job creation, and helping millions of Americans achieve the American dream. As such, they are key to our federal tax strategy. When our tax system works for them, it brings the most value.
However, despite their fundamental importance, small firms are often used as bargaining chips in the… Read more »
Thank you, Mr. Chairman. And thank you to our witnesses for traveling here today. The demands on a small business owner’s time are already immense. I appreciate that you are using some of your valuable time to help this committee address these important issues.
How the Small Business Administration defines “small” can have an enormous impact on the success of an individual small… Read more »
Thank you, Mr. Chairman, for holding this important hearing. Every American deserves the opportunity to take a chance on themselves and contribute to society as productive entrepreneurs. This is the fundamental promise of the American Dream: that any person in this country can work hard, take risks, and be hopefully find success.
Yet, Americans with disabilities, like other… Read more »
Thank you, Mr. Chairman. As both Chair and Ranking Member of this committee, ensuring small businesses have access to credit and investment opportunities has always been one of my top priorities.
Under the leadership of President Biden, small business growth has proved resilient. Since he took office, 16 million Americans have filed to start new businesses, the strongest stretch on… Read more »
Thank you, Mr. Chairman. There is no doubt that small businesses are often the victims of crime all across the country. Whether it is small retailers being victims of shoplifting, the local restaurant traumatized by hate crimes, or the countless businesses on the frontlines of our nation’s devastating gun violence epidemic, the impact of crime on small firms can take many forms.
These… Read more »
Thank you, Mr. Chairman, and thank you to all our witnesses for travelling across the country to be with us today.
It is important that on occasion we hold hearings like this to take stock and understand the landscape for small businesses and the impact of our policymaking.
Over the last several years, small businesses have faced a series of cascading crises. From the initial… Read more »
Thank you, Mr. Chairman. America’s 33 million small businesses are the foundation of our nation’s economy. They account for two-thirds of new jobs and have powered our post-pandemic recovery.
Launching a small business, though, is not for the faint of heart. When it comes to turning a great idea into a thriving business, entrepreneurs can face a number of challenges.
To assist… Read more »
