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Blaine's Bulletin: #SmallBusinessWeek April 30-May 6

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Washington, April 28, 2017 | comments
Each year, there is a designated week when Congress highlights all of the great work our nation’s small businesses and their employees do in our local communities. This year, that week is April 30-May 6.
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Each year, there is a designated week when Congress highlights all of the great work our nation’s small businesses and their employees do in our local communities. This year, that week is April 30-May 6.

The impact that small businesses have on our economy is clear when you look at the numbers. For example, 99 percent of all businesses with employees in the United States are small businesses and those small businesses are responsible for creating 63 percent of all new jobs. As a result, they have historically been the engine of economic growth in America. If we want our economy to grow, we have to create an environment where small businesses can start-up, expand, and take risks.

Here in Congress, I am proud to serve as the Vice Chair on the House Small Business Committee. The work the committee does directly helps communities and we have listened to countless entrepreneurs or would-be entrepreneurs from across the country who want access to capital; fewer and smarter regulations; a less complicated and more pro-growth  tax code; and access to new markets. One of the first bills passed in the 115th Congress was the Small Business Regulatory Flexibility Improvements Act. This bill ensures that government agencies are completing the proper-cost benefit and economic analyses when proposing rules that affect not only small businesses, but businesses of all sizes. This bill also increases transparency in  the rule-making process by requiring agencies to provide a detailed summary outlining the disproportionate effects that a proposed rule would have on small businesses.

Without a doubt the motivation, dedication, and drive from owners and employees  of small businesses  are at the heart of growth and prosperity in the U.S. economy. I will continue to be a champion of small businesses and support policies that enhance opportunities for entrepreneurs by ensuring they are set up for success, rather than failure. Our entire economy really depends on it.

I salute all of the small businesses and their employees in Missouri’s 3rd District. I would encourage everyone to participate in National Small Business Week. If you find yourself at your local pharmacy, convenience store, or other Missouri small business, please snap a picture and use the hashtag #SmallBusinessWeek. 

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