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Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) issued the following statement after the Labor Department released its October jobs statement, in which 128,000 jobs were added to the economy: “Today’s job numbers, combined with the sharp drop in business investment over the past two quarters and stagnating wage growth for American… Read more »

Washington, D.C.— Today, the House Small Business Committee under Chairwoman Nydia Velázquez (D-NY) met for a hearing centered on the issues facing small businesses in the outdoor recreation industry (ORI). ORI has become an integral part of the U.S. economy, contributing more to gross domestic product (GDP) than mining, utilities, and chemical product manufacturing.  “With… Read more »

Washington, D.C.— Today, the House Small Business Subcommittee on Innovation and Workforce Development under Chairman Jason Crow (D-CO) assembled for a hearing focused on workforce development issues facing small businesses in the clean energy sector. Overall, small firms in the clean and renewable energy industry are experiencing workforce shortages that inhibit their ability to… Read more »

Washington, D.C.— Today, the House Small Business Committee, led by Chairwoman Nydia M. Velázquez (D-NY), convened a panel of formerly incarcerated individuals and a representative from a key Small Business Administration (SBA) resource partner for a hearing examining how entrepreneurship can be utilized to provide a second chance for those that have been released from… Read more »

Washington, D.C.— Today, the House Small Business Subcommittee on Investigations, Oversight, and Regulation under Chairwoman Judy Chu (D-CA) gathered government officials and representatives from Native contracting groups to examine the SBA’s Native 8(a) program. The hearing comes in the aftermath of government reports and media coverage that brought issues with the program to… Read more »

Washington, D.C.— Today, the House passed four bipartisan small business bills to improve key Small Business Administration (SBA) entrepreneurial initiatives that spur business formation and job creation. “When an entrepreneur has a great idea, be it on Main Street in a rural town or a downtown city block, SBA’s entrepreneurial development centers are there to provide guidance and… Read more »

Washington, D.C.— Yesterday, Rep. Andy Kim (D-NJ), Chair of the House Small Business Subcommittee on Economic Growth, Tax, and Capital Access, convened a panel of experts from the economic development field to examine the role of Opportunity Zones in the small business economy. In 2017, Opportunity Zones were created with the intention of spurring capital investment in economically… Read more »

Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) sent formal invitations to four of the world’s largest tech companies requesting their appearance at a November hearing on how small businesses are faring in the landscapes of e-commerce and internet traffic.   “It is no secret that big tech platforms have grown exponentially in the… Read more »

Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) called in the Small Business Administration’s (SBA) Inspector General (IG) for a hearing focused on management and operational concerns at the SBA. The hearing follows the release of an annual report from the IG outlining significant challenges that exist at the agency.  “Without a… Read more »

Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) issued the following statement after the Labor Department released its September jobs statement:  “Sadly, today’s jobs report confirms recent warnings that our economy is cooling. As President Trump feuds with our global trading partners, America’s small businesses and consumers continue to… Read more »