Entrepreneurship is on the decline. This may come as a surprise with the popularity of shows such as “Shark Tank.” But between 2010 and 2014, only about 165,000 new businesses were started, compared with almost half a million new businesses between 1992 and 1996. Perhaps more surprisingly, millennials are starting even fewer businesses than previous generations. Why are innovators – particularly Millennials – reluctant to start their own company? The recent recession coupled with barriers such a...
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Business accelerators: Entrepreneurs helping entrepreneurs Chairman Steve Chabot (R-OH) The Hill May 3, 2017 In National Statuary Hall, located in the heart of the U.S. Capitol building, there is a statue of the great American innovator, Thomas Alva Edison. It was placed there by my fellow Ohioans in recognition of the life work of one of our state’s native sons. The statue depicts Edison holding his most famous invention, which changed the world and illuminates the world to this day: the light...
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Rep. Chabot: The small business case for the repeal and replace of ObamaCare By Rep. Steve Chabot February 13, 2017 “Actually, we got less…” That’s how Tom Secor, a small businessman from Ohio,respondedwhen the top Democrat on the House Small Business Committee insisted he gotmorehealth insurance options under ObamaCareat a hearing last week. “We had one carrier that was willing to offer insurance, that’s what our insurance agent told us,” he explained. “Fewer and fewer small businesses, especi...
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For Small Business Saturday, A Plan For Regulatory Easing By Chairman Steve Chabot (R-OH) November 23, 2016 Forbes Opinion America’s 28 million small businesses are the keystone of our economy. This weekend, we will celebrate Small Business Saturday, an opportunity to recognize America’s entrepreneurs and rededicate ourselves to helping them prosper. We can support them through our patronage and with good public policy that will help them achieve prosperity. Small businesses create nearly seven...
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Wells Fargo CEO Resignation Not Enough By Chairman Steve Chabot (R-OH) CNBC Opinion If Wells Fargo truly considers the resignation of CEO John Stumpf to be a first step towards regaining the trust of America's entrepreneurs, then there are countless more steps they must take to correct the damage their employees did to millions of Americans by creating fraudulent accounts in their names. As chairman of the House Small Business Committee, I have no higher priority than making sure that America's...
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Abilities shine in small businesses By Chairman Steve Chabot (R-OH) The Cincinnati Enquirer August 16, 2016 Small businesses are more than just the backbone of the American economy. They are also the heart and soul of our communities in Ohio and across the nation. As chairman of the House Small Business Committee, I have seen first-hand how small businesses are leading the way in expanding employment opportunities for Americans with intellectual or developmental disabilities and disorders. For ...
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Look to US Small Businesses to Supply War Fighters By Chairman Steve Chabot (R-OH) Defense News May 16, 2016 For 55 years, the National Defense Authorization Act (NDAA) has been the primary way Congress meets its constitutional responsibility to “provide for the common defense.” As a vital national security policy bill, the NDAA has always provided our war fighters with the resources they need to defend the United States from the great and varied threats we face from adversaries around the word....
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Every Small Business Started As An Idea By Chairman Steve Chabot (R-OH) May 6, 2016 Every small business started as an idea. Each year, National Small Business Week gives us the perfect opportunity to celebrate the invaluable contribution America’s small businesses make to our economy and the ideas that made them possible. It is also an opportunity for Washington to refocus its efforts to help them thrive so they can do what they do best: create jobs and help grow our economy. As our Committee ...
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Note: The House Committee on Small Business will hear from a panel of experts about the cost of regulatory burdens at a hearing this Thursday, April 14, 2016, titled Regulation: The Hidden Small Business Tax. My plan to get government off the backs of our 28 million small businesses By Chairman Steve Chabot (R-OH) President Ronald Reagan once remarked, “Government's first duty is to protect the people, not run their lives.” Too often, Washington tries to tell America’s entrepreneurs how to run ...
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Note: House Committee on Small Business Chairman Steve Chabot (R-OH) today introduced legislation to reauthorize two key programs to help America's small companies before they are set to expire next year. In an op-ed for The Hill, Chairman Chabot explained how early reauthorization of the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs will provide certainty and stability to American entrepreneurs. Reauthorize Key Small Business Programs By Chair...
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