Congressman Tim Ryan Announces the Founding of the Congressional Microbusiness Caucus
Washington, DC – Representatives Tim Ryan (D-OH), Patrick Tiberi (R-OH), Anna Eshoo (D-CA) and Barbara Comstock (R-VA) announce the founding of the bipartisan Congressional Microbusiness Caucus.
The Small Business Administration considers microbusinesses to be any firm with one to nine employees. There are 3.7 million microbusinesses in the United States, providing 10.8 percent of private –sector jobs and making up 75.3 percent of all private-sector employers.
The purpose of the Congressional Microbusiness Caucus is to define and elevate the narrative of microbusinesses in Congress and provide a forum for micro business owners to have constructive conversations about obstacles and regulatory barriers preventing entrepreneurs from starting and scaling their business in the United States. The Caucus seeks to empower U.S. microbusinesses in an effort to strengthen competitiveness, foster economic growth, and promote entrepreneurship in America by holding briefings and other events to facilitate discussion on relevant issues.
The founding co-chairs of the Congressional Microbusiness Caucus are Representatives Tim Ryan (D-OH), Patrick Tiberi (R-OH), Anna Eshoo (D-CA) and Barbara Comstock (R-VA).
“Technological and entrepreneurial innovation is accelerating at an unbelievable rate, and even though there are immense challenges ahead of us to ensure that our country works in a way that benefits everyone, this is an exciting time to be a participant in the American economy. The very nature of work is changing, and microbusinesses are a driving force behind that. Congress must stand ready to rapidly respond to the needs of workers and employees of micro businesses. Our economy will be stronger for it,” said Rep. Ryan.
“Microbusinesses are today’s mom and pop shops with an even greater potential for success thanks to advancements in technology. It is remarkable that with a click of a mouse or on a smart phone, a one-person business can potentially reach millions of customers across the country and globe,” said Rep. Tiberi. “We must ensure that burdensome government regulations and other barriers to growth aren’t holding them back. I look forward to working with my colleagues on this caucus to advance solutions to empower our microbusinesses and entrepreneurs to succeed and contribute to a thriving economy.”
“This new bipartisan Microbusiness Caucus will provide entrepreneurs with a platform for their voices to be heard in Washington,” Rep. Eshoo said. “Microbusinesses are becoming a critical piece of our national economy’s backbone, constantly creating new jobs and fostering innovation. While this new business paradigm brings its own set of policy implications and challenges, the Caucus will help navigate those challenges and allow businesses to thrive and promote economic growth.”
“I am pleased to join with my colleagues in the formation of the Congressional Microbusiness Caucus where we will work together on commonsense policies that provide small start-ups and innovative initiatives the opportunity to begin, thrive, and grow. We know that women comprise about one-third of business owners so this is also a way to expand opportunities for women business owners. It is critical that we forge policies where small business owners can develop and boost our economy and create new jobs to provide opportunity throughout all of our communities. We can be a hub for initiatives to allow our entrepreneurs to have a voice for commonsense policies for microbusinesses,” said Rep. Comstock.