Saturday, May 16, 2009

Legislation to Aid Entrepreneurs and Create Jobs Approved by Committee and Ready for House Floor Vote

The House Committee on Small Business approved the bipartisan legislation described below on May 13. It is set for a House floor vote as H.R. 2352, the Job Creation through Entrepreneurship Act of 2009. The package, which contains seven bills, is the first overhaul of SBA's entrepreneurial programs in over a decade. Proven programs like Small Business Development Centers (SBDCs), Women's Business Centers (WBCs), and the Service Corps of Retired Executives (SCORE) are expanded. There are new support services for veteran-owned and Native American-owned small businesses and new online learning programs.

The bill also creats a grant program for SBDCs specifically to assist small firms in securing capital and credit such as the $21 billion in new small business lending generated under the American Recovery and Reinvestment Act (ARRA).

Three amendments were added enabling National Guard members and reservists to use the Veteran Business Center services, making surviving spouses of veterans eligible for veteran business programs, and establishing peer-to-peer technical assistance as part of a distance learning program.

Please let your Congressmen know that you support H.R. 2352.

As Representative Heath Shuler (D-NC), chairman of the Committee' s Subcommittee on Rural Development, Entrepreneurship and Trade, said, "As a small businessman myself, I know these programs provide the counseling and technical resources that can make the difference for an entrepreneur trying to get off the ground. Businesses that take advantage of these resources are twice as likely to succeed. Entrepreneurial development programs mean more successful small businesses, which translates to more jobs."

That' H.R. 2352. Tell your Representative to support it.

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