March Newsletter: Advocacy Wants to Hear Your Voice

u s small business administration office of advocacy newsletter
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Trade Outreach in OH and DC

The Office of Advocacy is interested in receiving feedback from small businesses and their representatives regarding their views on trade agreements being negotiated with Japan, the European Union, and the United Kingdom, and their experience doing business in these markets.

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WOTUS Roundtables in CO and FL

The Office of Advocacy will be hosting roundtables to discuss the Army Corps and EPA’s Proposed Rule to Revise the Definition of Waters of the United States. The purpose of these roundtables will be to hear directly from small businesses about the proposed rule.

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Overtime Rule Roundtables in AL, DC, FL

The Office of Advocacy will be hosting roundtables to discuss DOL’s new Overtime Regulations under the Fair Labor Standards Act. The purpose of these roundtables will be to hear directly from small businesses about the impact of the proposed rule.

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RECENT RESEARCH

Small Business Facts: Spotlight on Women-Owned Employer Businesses

In this fact sheet, economic research fellow Nora Esposito highlights contributions made by 1.1 million women-owned employer businesses to the U.S. economy, as well as areas for future growth.

Small Business Economic Bulletin: March 2019

The Office of Advocacy’s Small Business Economic Bulletin for March 2019 shows gains in the number of employer small firms, owner’s income, and net job creation. The bulletin provides the latest quarterly government statistics on small business income, job creation, startups, and finance.

Small Business Facts: What Is the Status of Bank Credit to Small Businesses?

In this fact sheet, research economist Victoria Williams finds that small business lending growth lagged behind large business lending growth from 2016 to 2017.

NEW REPORT RELEASED

Do Accelerators Promote Regional Entrepreneurship?

Accelerator programs are a popular tool to help entrepreneurs launch new innovative businesses. As regional policymakers emphasize the importance of new businesses to economic development and growth, little is known about accelerators’ potential role as a catalyst for local investment and hiring.

A research report prepared for the Office of Advocacy by Sheryl Winston Smith, “How Accelerators Promote Regional Entrepreneurship,” finds that startups located in the same region as their accelerator are more likely to experience positive economic outcomes–such as attracting follow-on venture capital investment and hiring employees–compared to startups whose founders travel to a different region to participate in an accelerator. Using a novel data set on startups in prominent accelerator programs from 2005 to 2011, the analysis explores the relevance of the distance between startups and their accelerators to the likelihood of achieving economic milestones. A summary of the research is also available.

FREQUENTLY ASKED QUESTIONS

Q: What percent of firms are family-owned?

A: About one in five firms (19.3%) are family-owned.

Q: How does this compare to the percent of equally-owned firms?

A: Of these family-owned firms, about half are “equally-owned,” that is, 50% owned by one or more men, and 50% owned by one or more women. Hence, about one in 10 firms is both family-owned and equally-owned.

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