Nydia M. Velazquez: “As we work to foster job growth, small businesses will be central to the equation. Time and again, when Americans face…”

“As we work to foster job growth, small businesses will be central to the equation. Time and again, when Americans face economic uncertainty, they respond with innovative ideas and new ventures. While larger companies are slower to reverse the trend and start hiring again, small firms are often more nimble and can lead us out of downturns more quickly. For many dislocated workers, starting a new business can help pay the bills and even launch a new career. However, for entrepreneurs to fulfill their traditional role as job creators, they need the right tools. The legislation before us today will extend programs at the SBA that help new businesses form and existing firms grow. This bill extends some of the agency's most valuable efforts. Reauthorizing certain capital access programs will help small businesses survive the credit crunch. H.R. 4508 ensures these programs continue operating as we keep working with the Senate to fully update them.”