On the recordMarch 5, 2001
the concerns and needs of small businesses have always been a priority for me. When I talk to small business owners throughout the State of Maine, I hear over and over again that they have two major problems: One is the high cost of health insurance. I will be introducing legislation shortly to try to help small businesses cope with that issue. The second issue is the need for more capital to finance their enterprises. Today, I rise to introduce the Encouraging Investment in Small Business Act, a bill intended to stimulate private investment in the entrepreneurs who drive our economy. The bill we introduce today will encourage long-term investment in small and emerging businesses by providing incentives to individuals who risk investment in such firms. According to the Small Business Administration, small firms account for three-quarters of our Nation's employment growth and almost all of our net new jobs. At the same time, small businesses face unique financing challenges. Simply put, entrepreneurs need access to more capital to start and to expand their businesses.
Source
govinfo.gov




