America’s small businesses are a catalyst for creating employment opportunities and driving growth in the U.S. economy. The estimated 30 million small firms in the U.S. represent over 99 percent of all employers, and support nearly 56 million jobs.
Small businesses are vital to the well-being of many large and small communities, in rural, suburban, and urban areas. That is why we need to… Read more »
Today the Committee is holding an important oversight hearing, during which we will examine the most serious management and performance challenges facing the SBA. We will also discuss the Office of Inspector General’s recommendations for addressing these challenges, as we seek to better understand their underlying causes.
The IG is a nonpartisan, independent watchdog tasked with… 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… 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,… Read more »
On this committee we are focused on breaking down barriers that many small businesses face. Whether it is ensuring small firms have access to affordable capital or reducing regulatory burdens, our focus on this Committee is to create a thriving Main Street that makes towns and communities across the country better places to live, work, and raise a family.
An essential part of any… Read more »
As the Congresswoman from Iowa’s First Congressional District, I know how important clean energy and renewable fuels are to our economy and our environment. As this sector continues to grow and become a driving force in the global economy, businesses—large and small—are looking to take advantage of these new opportunities. By reducing emissions, supporting renewable energy, and increasing… Read more »
SCORE was first established in 1964 as a national, volunteer nonprofit organization, whose mission is to foster vibrant small business communities through mentoring and education. Over the years, it has grown to one of the largest networks of volunteers, with more than 11,000 expert business advisors at 350 chapters nationwide. SCORE provides free or low-cost mentoring and training to… Read more »
Every year more than 200,000 of our nation’s heroes make the transition out of our military. Some pursue employment opportunities, others go back to school, or learn a new trade. And some decide to pursue the American dream and launch a small, innovative business. For these returning servicemembers, the Small Business Administration can play a key role to help turn their small… Read more »
When I talk to small business owners, one of the first things they mention to me is that access to capital is the lifeblood of their business. Affordable capital fuels new startups and helps existing businesses expand into new markets and grow their customer bases. And we know that when capital is accessible and on fair terms, small businesses can do what they do best---strengthen our… Read more »
Reliable and affordable high-speed broadband connections are a vital aspect of doing business in our day and age. Sadly, at least 25 million Americans still lack access to high-speed Internet—many of which live in remote parts of our country. We all realize it is more difficult and expensive to build out broadband networks in these areas but that’s no excuse to leave them behind.
To do… Read more »
