On the recordMarch 22, 2017
as ranking member of the U.S. Senate Committee on Small Business and Entrepreneurship, it is a privilege to join Chairman Risch as we celebrate the first ever Small Business Development Center Day, which will unite the more than 1,000 small business development centers, SBDCs, across the country with the hundreds of thousands of entrepreneurs they have assisted in their 37- year history. Small businesses are the engine of our economy, creating two out of every three new jobs in the United States. As Chairman Risch stated, since 1980, America's SBDCs have provided these small businesses with high-quality, low- or no-cost consulting, and a variety of educational programs across the country. Together with SBA's other resource partners--women's business centers, veterans business outreach centers, and SCORE chapters--SBDCs have enhanced the ability of America's small businesses to grow and create jobs. To provide some context for what this means to our economy, the association representing SBDCs estimates that SBDC clients start a new business every 30 minutes, create a new job every 5 minutes, generate $100,000 in new sales every 7.5 minutes, and raise $100,000 in capital every 11 minutes. Job growth for SBDC clients is nearly 10 times greater than job growth for the average business. Under the leadership of Dr.…
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