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The U.S. economy is going through one of the most difficult periods I’ve seen in my 40-year career. Inflation, labor shortages, supply chain disruptions — all of them are hitting big business hard and small businesses even harder.
And so this week, at Goldman Sachs’ 10,000 Small Businesses summit in Washington, D.C., I’ll be joining leaders from across the country to call for action. The pandemic created a slew of new challenges for small businesses, but the federal programs they rely on aren’t well-equipped to help. It’s time to give those programs an upgrade so small businesses have the tools they need to navigate the turmoil ahead.
And rather than pass these reforms one by one, Congress should put them together in a single legislative package: the first reauthorization of the Small Business Administration (SBA) in over 20 years.