Small businesses, generally defined as private for profit firms with fewer than 500 employees, are the key to the health of the U.S. economy. Small businesses represent 99.7% of all employer firms, employ about half of all private sector employees, pay nearly 45% of the U.S. private payroll, and are responsible for more than half of non-farm private GDP. Since the mid-1990’s small businesses have created 60-80% of the net new jobs in the United States. As a Member of the House Committee on Small Business, I am constantly examining ways that Congress can address the needs of our nation’s small businesses, especially those in the 11th District.
Small businesses have experienced difficulties in this challenging economy. More than half of the 763,000 jobs lost in the first half of 2008 were lost in small firms. Small firms continue to face a tough environment through 2009, with concerns in a wide range of areas including access to capital, the cost of providing health insurance, attracting a quality work force, and meeting the unique 21st century global competitive challenge.
As our economy bounces back, small firms will play a leading role in revitalizing the nation’s workforce. Congress and the Administration have directed $15 billion in tax relief to small firms, generated $21 billion in small business lending and investment, and created more than $30 billion in contracting opportunities for entrepreneurs. Congress has acted to modernize and enhance SBA research and development programs, improve entrepreneurial development programs, create jobs in the coming green economy, and support veterans interested in entrepreneurship.
I will continue to fight to ensure that small businesses get their fair share of federal contracts, gain access to the most innovative technologies, and are given the type of development assistance needed in today’s competitive global market.
Additional Resources for Small Businesses
Access to Capital
- SBA Lending information: http://www.sba.gov/aboutsba/sbaprograms/elending/index.html
- Small Business Investment Company Information: http://www.sba.gov/aboutsba/sbaprograms/inv/index.html
- Surety Bonding Program: http://www.sba.gov/aboutsba/sbaprograms/osg/index.html
- Resources for New York Minority and Disadvantaged Business seeking Financing: http://www.nylovesmwbe.ny.gov/Financial%20Resources/PubNonProf.htm
- New York based Small Business Investment Company resources http://www.nylovesmwbe.ny.gov/Financial%20Resources/InvestComp.htm
- New York based Surety Bonding information:
- National Association of Investment Companies (focus on Emerging Domestic Markets):
- Federal Business Opportunities: https://www.fbo.gov/
- New York Based Opportunities:
- HUBZone Contracting Opportunities: http://www.sba.gov/hubzone/
- Register in the Central Contracting Registry (CCR): www.ccr.gov . If your business has previously registered please make sure your profile is up to date with correct contact information
- Minority Business Development Agency (MBDA) Phoenix Opportunity Matching System: www.mbda.gov
- Stimulus Related Opportunities: www.recovery.gov
New York Resources
- New York SBA Office: http://www.sba.gov/localresources/district/ny/ny/index.html
- New York State Division of Minority and Women Business Development: http://www.nylovesmwbe.ny.gov/index.htm
- New York State Small Business Development Center: http://www.nyssbdc.org/
- 8(a) Business Development Program: http://www.sba.gov/aboutsba/sbaprograms/8abd/index.html
- Technical Assistance and Entrepreneurial Development: http://www.sba.gov/aboutsba/sbaprograms/ed/index.html
- SBA Women’s Business Program: http://www.sba.gov/aboutsba/sbaprograms/onlinewbc/index.html
- SBA Vets Program: http://www.sba.gov/aboutsba/sbaprograms/ovbd/index.html
More on Small Business
WASHINGTON, D.C. — Today, U.S. Representatives Yvette D. Clarke (NY-09) and Gene Green (TX-29) sent a letter along with fifty-three of their colleagues urging Federal Communications Commission (FCC) Chairman, Tom Wheeler to suspend further action on the Notice of Proposed Rule Making (NPRM) as it pertains to the Set top Box proposal. Following the approval of the study by the nonpartisan Government Accountability Office (GAO), it is even more critical for the FCC to consider the results of the study on the current and future marketplace.
WASHINGTON, D.C. — Today, U.S. Representative Yvette D. Clarke (NY-09) remains steadfast in her efforts to urge the FCC to consider the potentially damaging impact the proposed ‘Set Top Box’ policy changes will have on small, independent and multicultural media before finalizing the proposed rules. Rep. Clarke issued the following full statement in response to a recent joint blog posting by the National Economic Council and the White House Council of Economic Advisors.
"Flatbush Congresswoman Yvette D. Clarke today lauded the October Jobs Report from the Department of Labor, which announced that the economy added 271,000 jobs and the unemployment rate decreased to five percent, lower than before the start of the Great Recession."
WASHINGTON, DC — Today, Congressman Frank Pallone, Jr. (NJ-6), Ranking Member of the House Energy and Commerce Committee, announced that five members of the Committee have signed on in support of the Small Business Access to Spectrum Act, which Pallone introduced two weeks ago. The bill’s supporters include Rep. Bobby Rush (IL-1), Rep. Yvette D. Clarke (NY-9), Rep. G.K. Butterfield (NC-1), Rep. Doris Matsui (CA-6), and Rep. Ben Ray Luján (NM-3).
"The House Democratic Caucus named five new members to the House Energy and Commerce Committee during the first week of the congressional session. Yvette Clarke (NY), David Loebsack (IA), Kurt Schrader (OR), Joseph Kennedy, III (MA) and Tony Cárdenas (CA) are the new Democrats on the panel."
To continue reading, please visit http://insidehealthpolicy.com/login-redirect-no-cookie?n=80868&destination=node/80868
Brooklyn, N.Y. – Congresswoman Yvette D. Clarke released the following statement after the Department of Labor announced that the economy added 321,000 jobs in November, the fifty-eighth consecutive month of increases in private-sector jobs. The unemployment rate remained unchanged at 5.8 percent, the lowest unemployment rate since July 2008.
"There is a good reason why two members of the United States (US) House of Representatives from Brooklyn are focusing attention on the economic and social needs of Caribbean island-nations and coastal states."
"State Comptroller Tom DiNapoli released a report late this May that examined changes in Brooklyn’s economy from 2003 to 2012, and the results are encouraging."
To continue reading, please visit http://www.nydailynews.com/dinapoli-brooklyn-king-nyc-economic-growth-article-1.1896535
"U.S. Senators Charles E. Schumer and Kirsten E. Gillibrand and Representatives Jerrold Nadler, Carolyn Maloney, Nydia Velazquez, Yvette Clarke and Hakeem Jeffries today launched a campaign for the Democratic National Committee (DNC) to select New York City’s bid to host the 2016 convention at Brooklyn’s Barclays Center. The representatives of Brooklyn urged DNC Chairwoman Debbie Wasserman Shultz to select the Big Apple’s application, given that the city is a diverse, cultural hub that embodies the spirit of the Democratic Party.