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Senators Fight to Save Small Business Jobs

March 22nd, 2017 by WCBC Radio

Senator Ben Cardin (D-Md.), a senior member of the Senate Small Business and Entrepreneurship Committee, has joined with Committee Chair Jim Risch (R-Idaho) and Ranking Member Jeanne Shaheen (D-N.H.), and Senators Mazie Hirono (D-Hawaii) and Chris Van Hollen (D-Md.), to introduce a bill that improves the Historically Underutilized Business Zone Empowerment Contracting (HUBZone)  program and helps small businesses rebuild, revitalize and invest in distressed communities across the United States. The “HUBZone Investment Protection Act of 2017” (S. 690), acts to avert the imminent loss of jobs and certified small businesses in these already economically-fragile rural and urban regions. Text of the bill can be found here.

 

“Across America, small businesses continue to be responsible for creating two out of every three new jobs, but this success is still is not reaching every corner of every state. The HUBZone program gives a boost to rural and urban regions that have been slow to realize economic recovery and growth,” said Senator Cardin. “HUBZone companies create jobs and communities like Maryland’s Garrett County and Baltimore City will benefit from this bipartisan effort to prevent the loss of small businesses at a time when these communities are still economically vulnerable. It is the smart thing to do for Maryland and for our nation.”

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