Congressman Kim Secures Additional Funding For Small Business Owners
WASHINGTON, DC – Today, the U.S. House passed an amendment by Congressman Andy Kim (NJ-03) to provide additional funding to programs that help veterans and military spouses start small businesses, and small business owners access to training and capital to grow.
“These programs may not be household names for some, but they’re critical lifelines for entrepreneurs looking to start a small business,” said Congressman Kim. “We know they work, because we’ve seen the jobs they’ve created in New Jersey and across the country. This is especially important for our veterans and military families. They’ve done so much to serve our country, and we owe them our full support. I’m proud to have my amendment passed to provide more funding for these programs and look forward to seeing more jobs created and opportunities seized.”
The amendment was made to H.R. 3351, which funds several government agencies, including the Small Business Administration, and increases funding by $1 million for Veterans Business Outreach Centers and Small Business Development Centers.
Veterans Business Outreach Centers provide services for entrepreneurs and referrals for eligible veterans who own or are considering starting a small business. Small Business Development Centers provide services such as face-to-face counseling and training to help small business owners create business plans and grow.
According to the Small Business Administration, more than 860,000 small businesses are based in New Jersey, employing 1.8 million people. These jobs constitute nearly half of the private-sector workforce in New Jersey.
Congressman Kim is a member of the House Committee on Small Business, and the Chairman of the Subcommittee on Economic Growth, Tax and Capital Access.