Recognizing the Small Business Association

Floor Speech

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Mr. WITTMAN. Mr. Speaker, I rise today to honor the 70th anniversary of the Small Business Administration.

For 70 long years, the SBA has helped countless American entrepreneurs achieve their dreams. By fostering the growth and health of small businesses, the SBA has ensured that small businesses remain the backbone of the American economy. Today, we recognize the SBA's dedication and invaluable contributions to supporting innovation, economic opportunity, and ensuring the American economy remains vibrant, inclusive, and resilient for every American.

The SBA's loan guarantee program has created millions of jobs, stimulated economic growth, and allowed countless Americans to realize their potential and follow their American Dream. Furthermore, the SBA has proven its commitment to helping socially and economically disadvantaged small business owners. Through its 8(a) Business Development Program, the SBA provides support, mentorship, and access to government contracts to those who would otherwise not have the opportunity to succeed. Additionally, the SBA has recognized the contributions of American women to the economy by establishing the Office of Women's Business Ownership, which empowers Women-owned small businesses to thrive.

In times of crisis, the SBA has played a crucial role in disaster recovery by providing low-interest disaster loans to businesses and homeowners who need them. This was made clear when our country faced unprecedented challenges during the COVID-19 pandemic, in which the SBA played a crucial role in keeping our economy afloat with its relief programs.

Mr. Speaker, I ask that you join me to honor the SBA for its service to small businesses over these past 70 years of dedication to keeping the spirit of entrepreneurship alive in our great Nation.

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