Convene a White House Conference on Small Business
February 23, 2021Problem: Not since 1995 has an administration assembled a White House Conference on Small Business (WHCSB). It has been more than 25 years since the last WHCSB and it is time to convene a gathering to develop a cohesive small-business agenda to ensure the government is taking an active, appropriate...
READ MORE Expand Access to Equity Capital and Crowdfunding
February 22, 2021Problem: One of the most prominent challenges for small businesses is raising adequate capital to launch new ventures. Entrepreneurs have traditionally relied upon funding from capital providers such as banks, venture capitalists, angel investors, or contributions from friends and family members. Crowdfunding allows entrepreneurs to directly appeal to the general...
READ MORE Improve and Expand Access to Fair and Affordable Credit
February 22, 2021Problem: While no American small business has been unscathed by the COVID-19 pandemic and subsequent economic downturn, it has affected certain industries and locales more than others and disproportionately harmed minority-owned businesses. Access to credit can help small businesses avoid cash shortfalls—whether they are due to slow business, the current...
READ MORE Bolster and Strengthen SBA Lending
February 22, 2021Problem: The U.S. Small Business Administration (SBA) has played a crucial role in supporting small businesses throughout the COVID-19 pandemic. SBA offers several different relief options to help small businesses recover from the impacts of COVID-19. In 2020, the agency backed more than $547 billion in small-business loans, and 2021...
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