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Small Business

Small firms are the backbone of the American economy, and nowhere is that more clear than in New York City. More than 200,000 small businesses throughout the Big Apple produce $4.5 billion per year in revenue, helping to make our city the vibrant and diverse place that it is.

As Chairwoman of the House Committee on Small Business, Congresswoman Velázquez is dedicated to helping entrepreneurs. She supports initiatives to limit the impact that rising energy costs and regulatory and tax burdens have on small businesses. Small firms also need assistance from Congress to secure better financing for capital purchases, obtain world-class training and development programs, and open doors to sell their products and services around the globe. Assisting small firms secure affordable health insurance for themselves and their employees is another top priority.

Our nation has always relied on the proven innovation and flexibility that comes with a small business economy. Entrepreneurs count on Congresswoman Velázquez as an unyielding advocate of their rights and needs, and can be certain that she will continue her efforts to provide them with the tools needed to succeed.

More on Small Business

August 27, 2020 Press Release

Velázquez Announces Small Business Loan Data for Chinatown

Area Businesses Secured Nearly $125 Million in COVID-19 Aid

 

Washington, DC –Rep. Nydia M. Velázquez (D-NY), the Chairwoman of the House Small Business Committee, announced today that restaurants, retailers and other local businesses in New York City’s Chinatown have obtained almost $125 million in federal aid thanks to legislation Congress passed in response to the coronavirus pandemic.

 

August 18, 2020 Press Release

Washington, DC – As food insecurity increases, Rep. Nydia M. Velázquez (D-NY) has introduced new legislation that would allow recipients of the Supplemental Nutrition Assistance Program (SNAP) to use their benefits for prepared food at area restaurants, helping tamp down hunger and providing more options for those in need.

 

July 30, 2020 Press Release

Measure Would Extend Disclosure, Transparency Requirements to Many Commercial Loans

 

June 12, 2020 Press Release

Washington, DC - Rep. Nydia M. Velázquez (D-NY) has written Governor Cuomo urging him to officially designate damage from recent looting of small businesses a disaster. Doing so would allow impacted New York City small businesses to apply for federal disaster loans through the Small Business Administration.  

 

May 4, 2020 Press Release

 

Congress has taken a number of steps to help small businesses weather the economic hardship brought on by the COVID-19 pandemic. 

April 27, 2020 Press Release

Washington, DC – Rep. Nydia M. Velázquez released the following statement regarding Small Business Administration lending programs and Puerto Rico:

“Puerto Rico’s economy was already struggling before COVID-19. Decades of neglect followed by historic hurricanes and recent earthquakes had already made a tough situation worse. Now, with the Island on lockdown in response to COVID-19, businesses, families and workers are suffering even more.  

April 23, 2020 Press Release

Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (DNY) spoke on the House floor on the Paycheck Protection Program and Health Care Enhancement Act. Below are her remarks, as prepared for delivery:

April 10, 2020 Press Release

Washington, DC – Members of the New York City Congressional delegation today wrote Treasury Secretary Steven Mnuchin and Small Business Administration (SBA) Administrator Jovita Carranza, calling for swift remediation of problems in small business aid programs recently enacted as part of the “CARES Act.” 

March 31, 2020 Press Release

Grant Program Would Partner Nonprofits, Small and Medium Eateries to Address Nutrition Needs

Washington, DC – Legislation authored by Rep. Nydia M. Velázquez (D-NY) would establish a new program to help meet staffing shortages at antihunger nonprofit organizations in New York City and throughout the nation. Under the bill, the “Community Meals Fund”, nonprofits could qualify for grants of $500,000 to partner with small and mid-sized restaurants for the preparation and distribution of food to vulnerable populations. 

March 27, 2020 Press Release
Washington, DC – Rep. Nydia M. Velázquez (D-NY) released the following statement today regarding passage of the Coronavirus Aid, Relief, and Economic Security (CARE) Act:
 
“The legislation we passed today will offer an economic lifeline to millions of working families and small businesses in New York and throughout the nation. This bill is not perfect. However, with the economy in freefall and the pandemic paralyzing our nation, the American people need and deserve swift, meaningful action and this legislation delivers.