As our nation continues to fight its way out of this recession, much of the progress we have made is due largely in part to the work and dedication of our nation's small businesses. This week marks the 48th annual National Small Business Week, so it is important that we take note of the value they add to our economic well-being and the jobs they create for our families.
Small businesses have always been the lifeblood of our economy. Our nation was built by hard-working entrepreneurs seeking that American Dream -- pouring their heart and soul into their work to reach it.
Today, we still rely on that same drive. Small businesses employ over half of all private sector employees, and in the past 15 years, small businesses have generated 64 percent of new American jobs. So though it is a bit trite to simply take a week to recognize and thank small business owners for their invaluable contribution to our way of life, this week can at least serve as a spotlight on their undeniable importance.
As a member of the House Committee on Small Business, I am very involved in matters pertaining to small business and make a concerted effort to stay in close contact with small business men and women in Ohio's First District. Just last week I held my second Small Business Roundtable Breakfast of the year at Market Street Grille in Harrison, Ohio. It was an excellent opportunity to hear from my constituents on the struggles and successes they're having in their businesses.
Many of the concerns I heard over the last year still linger today. And while we have made some progress in Washington (i.e. 1099 repeal), many small business owners still face a cloud of uncertainty that continues to dampen their hopes of realizing a true economic recovery in the near future. As House Republicans continue to fight for lessening the massive regulatory and tax burdens small business owners face, I encourage my colleagues on the other side of the aisle to take note of what small business owners in their districts are saying. Their input and feedback on what we're doing in Washington can play an invaluable role in truly revitalizing our economy.
In closing I'd like to express my sincere gratitude to America's small businesses and specifically those in the First District of Ohio. Thank you for taking the risks involved with starting and sustaining a business. One of my consistent goals as your Congressman is to support your efforts because America, quite literally, couldn't do it without you.
Please contact my district office at 513.684.2723 if you'd like to be a part of our next small business roundtable event.