Small business ownership is a potent force that can help address the economic inequality from providing sustainable high quality jobs to helping revitalize distressed neighborhoods and rural communities. A healthy entrepreneurial ecosystem provides an innovative and singular pathway for women, people of color, young adults, veterans, disabled people, immigrants and rural residents to enter the mainstream American economy and build income and independence.
Their importance was laid bare during the COVID-19 pandemic, emphasizing the need for inclusive ecosystems and a level playing field to guarantee small businesses’ success and prosperity.
Unfortunately, elected officials often pursue policies that favor large corporations over Main Street businesses, and all too often small business is perceived as just another narrow interest group, not an essential component of our economic prosperity.
Contrary to a long-held misconception, small businesses want the government to understand their needs and respond in a constructive manner—and then act on it. In order to do that, legislators must recognize that small businesses have a unique perspective because they impact and are impacted by every policy. Policy measures must be inclusive, innovative, and informed by small businesses themselves and the organizations that support them.
The policy agendas below represent just that: knowledge-based and timely recommendations to enhance the business ecosystem for today’s and tomorrow’s small businesses and entrepreneurs.