USMCA Paves Way for Small Business

Vermont District Office  - Jan. 17, 2020

u s small business administration
USMCA graphic

USMCA Paves Way for Small Business

WASHINGTON – The United States-Mexico-Canada Agreement, which includes specific protections for small- and medium-sized businesses, was approved by the U.S. Congress Thursday. It heads to the White House for President Trump’s signature. The U.S. will be the second country to ratify the USMCA after Mexico. Canada needs to ratify the USMCA for it to take effect.  

“Passage of USMCA is a win for American small businesses and the nation’s economy,” U.S. Small Business Administration Administrator Jovita Carranza said. “USMCA includes the first-ever chapter dedicated to small business and will enforce new intellectual property provisions, bolster innovation, and support small businesses engaging in digital trade. Additionally, USMCA removes burdensome regulations, reduces duplicative red tape, and lowers costs that will help the 30 million U.S. small businesses that employ half the private-sector workforce and create two-thirds of all new jobs, to better compete globally. President Trump continues to follow through on his commitment to modernize and implement free and fair-trade agreements that greatly benefit our nation. This is another example of the President’s insight into our economy and his unwavering support of U.S. small businesses.”

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Get Your Business Financed

Attend the Getting Your Business Financed workshop from 9 to 11:30 a.m. Feb. 19 at 14th Star Brewing Company, 133 N. Main St., in St. Albans, Vt. Learn about what lenders want you to know and what resources are available to obtain financing.

It is Hosted by Franklin County Industrial Development Corporation, Franklin County Regional Chamber of Commerce, SBA and 14th Star Brewing Co.

Event is free, but registration is required.

Register: www.sbavt.eventbrite.com/