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Washington, D.C.— Today, House Small Business Committee Ranking Member Nydia M. Velázquez (D-NY) released the following statement after the U.S. Census Bureau announced that Americans applied to start over 10 million small businesses during the first two years of the Biden Administration:          “Since the Biden administration began, President Biden and… Read more »

Washington, D.C.— Today, Congresswoman Nydia M. Velázquez (D-NY), incoming Ranking Member of the House Small Business Committee, issued the following statement after the Labor Department released its December jobs report showing that non-farm payroll employment increased by 223,000, the unemployment rate fell to 3.5%, and Black and Hispanic unemployment fell below pre-pandemic… Read more »

Washington, D.C.— The House has passed a set of four bipartisan bills focused on improving Small Business Administration (SBA) programs that help small business recover from natural disasters, protect against cyber threats, and engage in international trade.   “Small businesses are the beating heart of the American economy. Given that fact, it’s vital that Congress support… Read more »

Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) released the following statement after the Small Business Administration (SBA) announced its suspension of certain non-lenders from agency programs and investigation of banks involved in alleged fraud outlined in a recent report issued by the House Select Subcommittee on the Coronavirus… Read more »

Washington, D.C.— Today, the House Small Business Committee Subcommittee on Oversight, Investigations, and Regulations, chaired by Rep. Dean Phillips (D-MN), held a hearing examining the challenges employee-owned businesses face accessing Small Business Administration (SBA) lending programs. The hearing gathered lenders and employee ownership experts to testify on employee-owned… 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 November jobs report showing that non-farm payroll employment increased by 263,000 and annual wages grew by 5.1%:          “The November jobs report marks the twenty-second straight month of… Read more »

Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) and Subcommittee on Oversight, Investigations, and Regulations Chairman Dean Phillips (D-MN) introduced bills to help ensure equitable access to Small Business Administration (SBA) lending programs for employee-owned small businesses.    “Employee-owned businesses have a proven track… 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 October jobs report showing that non-farm payroll employment increased by 261,000:          “The October jobs report showcases the strength and resiliency of the American labor market. Our… 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 report showing that non-farm payroll employment increased by 263,000:           “The September jobs report is more proof that the Biden Administration’s economic agenda has our… Read more »

Washington, D.C.— Today, the House Small Business Committee, under Chairwoman Nydia M. Velázquez (D-NY), passed a bipartisan bill to reauthorize the Small Business Administration’s (SBA) State Trade Expansion Program (STEP) for four fiscal years and make numerous improvements to the program.   “Since its inception, STEP has helped thousands of small businesses break into the… Read more »