Political Quotes

“I rise today to introduce a common sense piece of legislation that will expand the ability of the Small Business Administration (SBA) to nurture innovative and high-growth small businesses in Maryland and across the country. Let me first say, I recently returned to the Senate Committee on Small Business & Entrepreneurship as the Ranking Member. I look forward to continuing the important work of helping America's 29 million small businesses--the job creating engine of the country--access the essential capital to grow, to earn their fair share of Federal contracts, and to take advantage of SBA's counseling and mentoring programs that help entrepreneurs market and manage their businesses. The Small Business Investment Opportunity Act is straightforward. It modifies SBA's Small Business Investment Company (SBIC) program by increasing the amount of capital that SBICs with a single fund can invest in qualifying small businesses. The SBIC program stimulates investment in America's high-growth small businesses. SBICs are privately-owned and managed investment funds that use their own capital--plus funds borrowed with an SBA guaranty--to capitalize small businesses. Last year, SBICs made 36 investments totaling $61.3 million in 12 innovative Maryland firms. Over the past five years, the program has channeled more than $21 billion of capital to 6,400 American small businesses across a variety of industries. The program operates at no expense to taxpayers.…”