Today, during National Small Business Week, Rep. Bill Foster (IL-14) voted for H.R. 2352, the Job Creation through Entrepreneurship Act, a bipartisan bill that passed the House by a vote of 406-15.
"As a businessman, I know that small businesses are the backbone to our economy - small businesses provide good paying jobs and health care to families throughout the 14th District," said Foster. "This legislation recognizes the importance of our entrepreneurs, ensuring that our small businesses have the tools and assistance they need to succeed, even during difficult economic times."
H.R. 2352 enhances the Small Business Administration's (SBA) entrepreneurial development programs, improving the services available for small businesses to successfully adjust to the current economy; updating the institutional structure to increase the efficient delivery of these resources; and promoting economic growth objectives through these programs.
The bill also focuses on helping veterans and women who have or would like to start small businesses. The legislation expands entrepreneurial development assistance to veterans by increasing outreach facilities across the country and establishing specialized assistance programs for veterans. The bill improves and expands business development resources for women entrepreneurs by increasing counseling and training facilities and enhancing the Women's Business Program.
"Historically, it has been small businesses that have led the way to economic recovery. By helping existing and budding entrepreneurs develop strong businesses, we give them the tools they need to create and maintain healthy businesses. It is these businesses that will help strengthen our economy and create the jobs we need to put people back to work," said Foster.
This bill is supported by a number of groups, including the International Franchise Association and Veterans of Foreign Wars.