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Passage of Small Business Development Centers bill will help small businesses, stimulate economic growth and increase American competiveness (Rep. Aaron Schock)
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11/12/09 11:52 AM ET
On Saturday, as we awaited action on Speaker Pelosi’s massive health care legislation, the House passed H.R. 1845, legislation I introduced earlier this year to help modernize the Small Business Development Center Program. This legislation will provide SBDC’s with the resources they need to deal with increased demand and usage.
This bill is a text book example of how a bipartisan House should work. I worked with both Chairwoman Nydia Velazquez and Ranking Member Sam Graves to write, tweak and improve this legislation as it moved through the Small Business Committee and to the House Floor.
Nationwide, the over 1000 SBDCs serve as important and informative resources for growing small businesses. SBDC’s provide emerging entrepreneurs with the tools needed to successfully take their small business concepts into reality. Additionally, they provide existing small business owners with important financial and budgeting consulting to assist in long-term growth and management. The investments made into the SBDC network provide a cost effective way to help grow the economy while enhancing American competiveness.
Just look at the facts:
* A new business is opened by an SBDC client every 41 minutes
* A new job is created in the U.S. by an SBDC client every 7 minutes
* And in 2007, SBDC clients created over 70,000 new full time jobs
With the current economic conditions, more and more small business owners are visiting their local SBDC seeking advice on how to best manage their company.
This legislation will do a great deal to continue to help develop the resources and programs upon which our nation’s small business owners depend. Additionally, H.R. 1845 makes several operational changes to the SBDC program to eliminate waste, fraud and duplicative programs.
Lastly, I am encouraged by the potential of provisions in H.R. 1845 which will reward those SBDCS’s which focus on access to Credit and Capital for small businesses. It is no secret that the economic rebound for our country will be directly related to the growth and fortune of our nation’s small businesses, and by passing this legislation, this body voices its continued backing of the important support system on which our nations small businesses truly rely.
The bottom line is by improving Small Business Development Centers, we provide a cost effective way to help grow the economy while enhancing American competiveness.
This bill is a text book example of how a bipartisan House should work. I worked with both Chairwoman Nydia Velazquez and Ranking Member Sam Graves to write, tweak and improve this legislation as it moved through the Small Business Committee and to the House Floor.
Nationwide, the over 1000 SBDCs serve as important and informative resources for growing small businesses. SBDC’s provide emerging entrepreneurs with the tools needed to successfully take their small business concepts into reality. Additionally, they provide existing small business owners with important financial and budgeting consulting to assist in long-term growth and management. The investments made into the SBDC network provide a cost effective way to help grow the economy while enhancing American competiveness.
Just look at the facts:
* A new business is opened by an SBDC client every 41 minutes
* A new job is created in the U.S. by an SBDC client every 7 minutes
* And in 2007, SBDC clients created over 70,000 new full time jobs
With the current economic conditions, more and more small business owners are visiting their local SBDC seeking advice on how to best manage their company.
This legislation will do a great deal to continue to help develop the resources and programs upon which our nation’s small business owners depend. Additionally, H.R. 1845 makes several operational changes to the SBDC program to eliminate waste, fraud and duplicative programs.
Lastly, I am encouraged by the potential of provisions in H.R. 1845 which will reward those SBDCS’s which focus on access to Credit and Capital for small businesses. It is no secret that the economic rebound for our country will be directly related to the growth and fortune of our nation’s small businesses, and by passing this legislation, this body voices its continued backing of the important support system on which our nations small businesses truly rely.
The bottom line is by improving Small Business Development Centers, we provide a cost effective way to help grow the economy while enhancing American competiveness.
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