Ranking Member Chabot and Committee Members Hear from SBA Resource Partners on COVID-19 Response
WASHINGTON – Today, the House Committee on Small Business held a virtual forum with representatives from SBA resource partners on their response to COVID-19, or coronavirus.
“Many women and minority-owned small businesses faced significant structural challenges in establishing and maintaining their companies before the onset of COVID-19. As a result, these small businesses require additional support to utilize resources effectively,” said Ranking Member Steve Chabot (R-OH). “I commend the recent launch of online resources by America’s SBDCs, Association of Women’s Business Centers, SCORE, the Minority Business Development Agency, and Veterans Business Outreach Centers. These websites and other outreach efforts provide opportunities to connect struggling small businesses to critical funding and resources.”
During the forum, resource partners reported a significant increase in requests for assistance and information on small business relief programs – in some cases up to 10 times the volume of an equivalent period during a typical year.
They highlighted the resilience of small businesses that are adapting by producing necessary supplies and moving to online platforms. In addition, they relayed a need for increased clarity on guidance for federal programs.