Sen. Landrieu: Economy Improving, But More Help Is Needed for America's Small Businesses

Late yesterday, just hours after the U.S. Department of Labor's Bureau of Labor Statistics announced that approximately 162,000 Americans were put back to work in the month of March, United States Senator Mary L. Landrieu [D-La., pictured], chair of the Senate Committee on Small Business and Entrepreneurship, issued the following statement:

"Last month, approximately 162,000 Americans were put back to work -- a sign that the measures Congress is taking to improve the economic climate are working," said Landrieu. "While I am encouraged by the number of jobs that were created, there is still much work to be done to support the nation's small businesses and those Americans still out of work.

"To build on the successful recovery loan initiatives -- higher guarantees and fee waivers on borrowers of Small Business Administration loans -- I urge my colleagues in the Senate to work to adopt the provisions coming out of the Small Business Committee. With small business accounting for 65 percent of all new jobs, these proposals are aimed at creating jobs and spurring small-business growth, and have passed this Committee with bipartisan support."

Sen. Landrieu has proposed five measures to be included in the next jobs bill to be debated on the Senate floor. The measures include:

* Small Business Job Creation and Access to Capital Act of 2009 [S. 2869]: Raises the cap on small-business loans to increase lending by $5 billion the first year, and refinances commercial real estate debt into long-term, fixed-rate loans -- provisions that are expected to be budget neutral and could create/save 200,000 jobs;

* Small Business Export Enhancement and International Trade Act of 2009 [S.2862]: Boosts small businesses’ exporting potential by improving access to loans, counseling programs and coordination of existing federal export assistance resources, while injecting more than $1 billion in capital for small businesses and saving/creating as many as 50,000 jobs;

* Small Business Contracting Revitalization Act of 2010 [S. 2989]: Removes the red tape and closes loopholes that too often put government work into the hands of multinational corporations instead of Main Street businesses. Increasing contracts to small businesses by just 1 percent can create more than 100,000 jobs;

* Small Business Community Partner Relief Act of 2010 [S. 3165]: Strengthens SBA women’s business and microloan programs to ensure they have the funds and manpower needed to be successful resource partners and help small-business owners get the assistance they need; and

* SBIR/STTR Reauthorization Act of 2009 [S. 1233]: Encourages small businesses to develop new technologies in fields from health care and defense, to clean energy. These competitive grants are the largest source of federal R&D funding for small, high-tech firms. Twenty-percent of SBIR participants say they started their company in part because of a prospective SBIR award, creating thousands of jobs.

This week, Sen. Landrieu sent a letter to her Senate colleagues requesting their support for this legislation. To view a copy of the letter, please go to: http://bit.ly/LandrieuLetterJobsBill.

Detailed information on each proposal can be found here: http://bit.ly/SmallBizJobCreation.

SOURCES: GovTrack.us, U.S. Senate Committee on Small Business & Entrepreneurship
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March 31 @ 7 p.m. EST: HHS, SBA Leaders to Hold Live Q&A Webcast About Health Insurance Reform's Impact on Small Businesses

To help everyone better understand implementation of the new health reform law, the U.S. Department of Health and Human Services [HHS] is holding a live, online Q&A session tomorrow evening, Wednesday, March 31, from 7-7:30 p.m. EST at www.hhs.gov/live. The event features HHS Secretary Kathleen Sebelius [pictured] and U.S. Small Business Administration [SBA] Administrator Karen Mills clarifying the new health insurance reform law's impact on small businesses.

"A lot of people have questions about this comprehensive and complicated legislation," Sebelius wrote in her announcement of the Web Chats. "This will be the first in a series of weekly webcasts and discussions we here at the Department of Health and Human Services will hold with you, the American people, as we work to implement this new law and ensure health security for Americans who have, until the passage of this bill, been paying more and more for health care and getting less and less in return."

To participate in tomorrow's event, e-mail your questions in advance to HealthReform@hhs.gov. Sebelius and Mills will try to get to as many of them as they can during the Web Chat, then answer more via the HealthReform.gov site afterwards.

"Already, I’ve received countless questions from small-business owners about the new law and its benefits," said SBA's Mills. "In fact, this new law offers many tools to help small-business owners access more affordable health insurance options for their employees. These tools include the creation of 50 state exchanges that will allow small-business owners to access affordable health insurance plans for their employees, as well as new tax credits to help pay for this coverage."

"As the President told me recently, we have a solemn responsibility to make sure health reform is implemented carefully and effectively," Sebelius noted. "And we have an equal responsibility to make sure Americans know what changes are coming and how to take advantage of these new benefits...

"Our health insurance system wasn’t broken in a day. And it won’t be fixed in a day either. It’s going to take a lot of work. But the good news is that, after decades of talking about the need for these changes, that work is finally beginning and we want you to be a part of our efforts."

"I know you want to know what’s in health insurance reform for your small business and your employees," Mills added. "I hope you’ll join Secretary Sebelius and me at http://www.healthreform.gov/ tomorrow night, at 7 p.m. EDT to find out what’s in it for you."

To learn more about the key provisions of health reform that immediately take effect, go to: http://bit.ly/KeyProvisions.

SOURCES: HealthReform.gov [photo], U.S. Department of Health and Human Services, U.S. Small Business Administration, White House
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