Blake Moore: “today I am speaking in support of H.R. 68, the Small Business Investment Company Technical Corrections Act, because the…”

“today I am speaking in support of H.R. 68, the Small Business Investment Company Technical Corrections Act, because the success of small businesses is ultimately linked to their ability to obtain investment capital. The Small Business Investment Act has largely met the growing demands to obtain credit and equity investment capital. This is evident in my own district where an SBIC, Kansas City equity partners, invested in Organized Living, a local storage organization business. Today, through the assistance of the SBIC, this business has grown to a 6-store, 20- plus million dollar storage company. The changes offered in this bill will strengthen these public/private partnerships to provide small businesses like Organized Living greater access to investment capital. It will also lower interest rates on loans and better cash flow. These improvements will allow small businesses to continue to create jobs and add billions of dollars to our economy. Mr. Speaker, as a newly-appointed member of the Committee on Small Business and an original cosponsor of H.R. 68, I urge my colleagues to support this measure.”