(Senator John Kerry)… All Americans deserve to be given an equal opportunity to pursue the American dream and a top priority for the Committee on Small Business and Entrepreneurship is to foster entrepreneurship across all sectors of our society. However, while Hispanics are opening businesses at three times the national average and entrepreneurship has spurred the expansion of the black middle class, minorities are receiving disproportionately fewer small business loans and federal contracts than non-minority business owners.
The Committee is working on bipartisan legislation that will create an Office of Minority Small Business Development at the Small Business Administration to advocate on behalf of minority-owned small businesses, increase the number of loans they receive, and ensure they have a level playing field to win federal contracts. Additional legislation will help foster entrepreneurship as a career option for minority students by providing competitive grants to Historically Black Colleges and Universities, Tribal Colleges and Hispanic-Serving Institutions to develop entrepreneurial curricula and increase the number of minority-owned small businesses in the 21st century.
- Small Business Administrator, Karen Gordon Mills
- Chairwoman of the Senate Committee on Small Business and Entrepreneurship, Sen. Mary Landrieu (D-La.)
- House Small Business Committee, Chairwoman, Nydia M. Velázquez (D. Ny)
The stage is set…