This month, I have been proud to work with my colleagues in the Congressional Blue Dog Coalition to introduce an important package of legislation designed to promote small business growth. The Blue Dog Small Business Package works to provide small business owners the resources they need to grow their businesses and hire new workers.
Access to credit and lending is one of the biggest challenges facing our small businesses today. If businesses can't get the capital or loans to expand and grow, they can't hire more workers. Half of all private-sector jobs in America come from small businesses, and small business have generated 64 percent of net new jobs over the past 15 years. The Blue Dog Small Business Package promotes job growth in America by providing small businesses with increased access to capital through streamlined approval processes, lower interest rates on SBAEXPRESS loans, increased access to government contracts, and the opportunity to lock in long-term stable financing.
As a former small business owner myself, I am well aware of the hopes, dreams, and struggles that go into owning a business. I believe we should take steps to ensure the federal government can augment small business planning goals. Federal agencies should work to provide small business owners with greater opportunities and fewer barriers in providing products and services. I believe this package of legislation will provide small businesses with the resources needed to access capital, grow their operations, and increase employment.
During these tough economic times, we need to support small businesses more than ever as they are essential in creating much-needed jobs and stimulating our economy. Legislative package such as the Blue Dog Small Business Package and the American Jobs Act are essential to promoting small business growth. Please be assured that I will continue to support policies that help small business owners, create jobs and get our economy moving in the right direction.
JOE BACA, Congressman
43rd Congressional District