Political Quotes

“There are nearly 30 million small businesses in the United States representing more than 99 percent of all businesses. They spur the American economy by taking great risks to launch new ventures, develop new products, and, ultimately spur job growth, and the SBA is a vital part of their support system. The SBA administers a portfolio of entrepreneurial development programs which includes growth accelerators. They help high-growth startups develop their products, identify promising customer segments, and secure resources like vital capital and employees. My amendment aims to restore funding to prior levels, so they have the resources they need to help aspiring entrepreneurs. Growth accelerators have long been a powerful tool for helping innovators grow. Each year since they were formed in 2005 they have gained in popularity. In fact, their numbers nearly doubled each year between 2008 and 2014 with growth remaining steady since then. They serve as an all-inclusive creative hub that provides technical assistance for growing businesses and a central location for investors to find vetted businesses. The success of these companies is real. The average valuation of firms graduating from an accelerator is $90 million. But beyond promoting business expansion, growth accelerators also bring economic development and job opportunities to the communities in which they are located.…”