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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… 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… 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… 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… 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… Read more »

Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) released the following statement in response to President Trump’s 2021 Budget request:            "Instead of serving as a blueprint for the future, the Trump budget seeks to slash the funding our small businesses rely on to stay competitive and innovative in a 21st… Read more »

Washington, D.C.— Yesterday, Rep. Abby Finkenauer (D-IA), Chairwoman of the House Small Business Subcommittee on Rural Development, Agriculture, Trade, and Entrepreneurship gathered small business owners and an education expert to examine the impact that childcare has on small business and regional economies.  “When parents can’t access affordable childcare, the effects are… Read more »

Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) led four Members of Congress in a bipartisan letter to the Associate Administrator of the Small Business Administration (SBA) Allen Gutierrez regarding the agency’s progress in implementing its outreach goals to better provide entrepreneurial services to Historically Black Colleges and… Read more »

Washington, D.C.— Today, Rep. Nydia M. Velázquez (D-NY), Chairwoman of the House Small Business Committee, conducted oversight of the Small Business Administration (SBA) Office of Credit Risk Management (OCRM). OCRM is responsible for assessing the risk levels of SBA lending partners and oversees the $120 billion 7(a) and 504 loan portfolios.  “The SBA 7(a) loan program plays… Read more »

Washington, D.C.— Today, the House Small Business Committee under Chairwoman Nydia M. Velázquez (D-NY) conducted oversight of the Small Business Administration’s (SBA) Office of Field Operations (OFO). The OFO oversees SBA regional and district offices that are the point of delivery for most SBA initiatives and serve as the agency’s “boots on the ground.”   “SBA’s field team… Read more »