Political Quotes

Nydia M. Velazquez: I am prepared to close, and I yield myself the balance of my time. Since its creation in 1958, the SBIC program has…

On the recordJuly 13, 2015
I am prepared to close, and I yield myself the balance of my time. Since its creation in 1958, the SBIC program has injected billions of dollars into promising startups and small businesses. With the help of the SBIC, some of these small businesses grow into Fortune 500 companies. Apple, Inc., was once an SBIC client. Today it is one of the largest companies in the world by market capitalization. By providing businesses with capital to grow, the SBIC program has also been a driver of job creation. In 2014 alone, the program helped create or retain 113,000 jobs. I look forward to working with the chairman and our colleagues in the Senate on this legislation. I urge a ``yes'' vote. I yield back the balance of my time.
Said by
Nydia M. Velazquez
New York
Source
govinfo.gov
Jul 13, 2015

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