SBA Programs Spur Cutting-Edge Technology and Small Business Growth

WASHINGTON – Today, the House Committee on Small Business Subcommittee on Innovation and Workforce Development heard from small business owners about the benefits of the SBA’s Small Business Innovation Research (SBIR), Small Business Technology Transfer (STTR), and Growth Accelerator Fund Competition programs. “The SBIR and STTR programs bridge the gap between the fantastical and the practical; building our economy and improving the function of the federal government in the process… The SBA’s Growth Accelerator Fund Competition was designed to ... [...]

8(a) Program Provides Opportunities to Prospective Disadvantaged Entrepreneurs

WASHINGTON – Today, the House Committee on Small Business heard from small business contractors and experts on how the SBA’s 8(a) program operates and potential improvements to increase program effectiveness. “The federal government, through the Small Business Act, recognizes that the opportunity for full participation in our free enterprise system by socially and economically disadvantaged persons is essential to obtaining equality and improving the functioning of our national economy. The 8(a) Program was developed with this policy goal in mi... [...]

ICYMI: District Work Period Roundup with Republicans on the Small Business Committee

WASHINGTON – During the recent district work period, Republican Members of the House Committee on Small Business met with numerous local small business owners, who told them about the need for workforce development, the success of the Tax Cuts and Jobs Act, and how they are reinvesting in their company and employees. Here are some highlights: Rep. Amata Radewagen (R-AS) visited one of American Samoa's newest small businesses, The Flying Fox Brewery. She is pictured here with her daughter Erika Leatavalavala and entrepreneur brewery owner Nate I... [...]

ICYMI: MetLife & U.S. Chamber of Commerce Small Business Q3 Index Records All Time High Optimism

WASHINGTON – Earlier this week, the MetLife & U.S. Chamber of Commerce Small Business Index recorded the highest optimism score since the creation of the index. According to the Q3 index: Overall optimism increased to 70.7, rising two points from Q2. 38 percent of minority-owned small businesses plan on hiring in the future. One in three veteran-owned small businesses plans to increase investment in the next year. 56 percent of small business owners are optimistic about their local economy. “Small businesses continue to be a strong driver of ou... [...]

Administrative Hurdles Place Heavy Strain on Small Medical Practices

WASHINGTON – Today, the House Committee on Small Business heard from physicians about the administrative hurdles faced by small medical practices. “Methods such as prior authorization and step therapy were introduced to reduce unnecessary procedures, prevent overprescription of dangerously addictive drugs, and reduce human error,” said Ranking Member Steve Chabot (R-OH). “However, despite the rationale for these processes, more must be done to streamline communication between practices and insurance providers. Many small medical practices strug... [...]