Terri Sewell: “Thank you very much. I am indeed delighted to join my colleagues in discussing making it in America. I think you will…”

“Thank you very much. I am indeed delighted to join my colleagues in discussing making it in America. I think you will all agree that any playbook about job creation must have as its cornerstone the creation of jobs in our small businesses. And so today I rise in support of small businesses and entrepreneurs across the Seventh Congressional District of Alabama, and indeed this Nation. As America recovers from our economic recession, we must continue to make strategic policy decisions that benefit our economy and encourage job creation. Small businesses play a critical role in our economy. They provide jobs, they spur innovation, they indeed strengthen our economy. Small businesses are the backbone of our economy and are responsible for generating half of the Nation's gross national product as well as employing over half of its workforce. In fact, over the past decade and a half, America's small businesses and entrepreneurs have created 65 percent of all new jobs in this country. That is why I introduced H.R. 1730, the Small Business Start-Up Savings Account Act. More entrepreneurs will benefit if they are provided better incentives that will allow them to save and start a new business. On average, an entrepreneur who wants to launch a new business spends on average $80,000 in their first year in startup costs. Entrepreneurs often go into debt to start their own businesses.…”