Small Business
For years, small business owners have grappled with a struggling economy, ever-changing regulations and tax burdens far higher than those of many Fortune 500 companies. It’s long past time that we recentered our economy around the small businesses that make up 93% of employers in Minnesota’s Second Congressional District.
We must do more to ensure that small business owners have the resources and support they need – not only to keep the lights on but to continue growing and expanding to serve as the economic engines of our local communities. That’s why I’ve spent the past two years working hand-in-hand with many of our small business owners to identify and enact solutions that would help to strengthen our economy and create the pro-business climate we need to support Minnesota. In the midst of the COVID-19 pandemic, I helped establish the Paycheck Protection Program and led the charge in Washington to establish and fully fund the Restaurant Revitalization Fund, which has kept so many of our favorite bars and restaurants afloat. I also introduced legislation to lower the federal tax rate for small businesses to help overcome higher input costs.
Across Minnesota, our small businesses employ thousands and keep our communities flourishing and vibrant. In Congress, I’ll always work just as hard as they do to ensure they can find success in our communities.
More on Small Business
WASHINGTON, DC – U.S. Representatives Angie Craig (D-MN) and Troy Balderson (R-OH) introduced the PPP Second Draw Fairness Act to establish a more flexible set of eligibility parameters around the second draw of Paycheck Protection Program funds. This bipartisan legislation would ensure that the hardest hit small businesses are able to access a second round of PPP payments by measuring a reduction in revenue over any consecutive 90-day period in 2020, rather than examinations structured strictly on quarterly profits.
WASHINGTON, DC — Today, the U.S. House of Representatives passed a bipartisan bill introduced by U.S. Representatives Angie Craig (D-MN), Steve Chabot (R-OH), Sharice Davids (D-KS) and Young Kim (R-CA) to improve the Small Business Administration's (SBA) 504 Loan Program. Among other provisions, the 504 Modernization and Small Manufacturer Enhancement Act would increase maximum loan amounts, streamline the loan process and provide additional support to manufacturers who apply for the loan from local SBA offices.
WASHINGTON, DC – Today, U.S. Representative Angie Craig led a letter pressing Small Business Administration Administrator Isabel Guzman on staffing concerns at the agency and Guzman's plans to effectively prepare the SBA to implement the programs included in the recently-enacted American Rescue Plan Act. The letter emphasizes the need to assess the SBA's hiring practices and customer service systems in order to deliver on the promises made to small businesses in Minnesota and across the country.
WASHINGTON, DC – Today, U.S. Representative Angie Craig voted to pass the American Rescue Plan Act of 2021, a wide-ranging economic relief package designed to provide financial support to struggling Americans, deliver assistance to small businesses as well as local governments and contain the COVID-19 virus by distributing billions of dollars to support vaccine distribution and testing.
WASHINGTON, DC — Today, U.S. Representative Angie Craig reintroduced her bipartisan legislation to improve the Small Business Administration's 504 Loan Program. This legislation, the 504 Modernization and Small Manufacturer Enhancement Act, was introduced with Representatives Steve Chabot (R-OH), Sharice Davids (D-KS) and Young Kim (R-CA) to improve the loan guaranty program and enhance the ability of small manufacturers to access affordable capital.
WASHINGTON, DC — Last night, at a House Small Business Committee markup, U.S. Representative Angie Craig and her colleagues voted to advance legislation that included a relief grant program for struggling restaurants, wrapping up a months-long effort to provide support to small businesses across the country. Among other provisions, the package advanced by the House Small Business Committee included $25 billion for the creation of the Restaurants Revitalization Fund, which would provide financial support to struggling food and drinking establishments.
WASHINGTON, DC — Today, House Small Business Committee Members Angie Craig and Dean Phillips were joined by Rep. Betty McCollum, and U.S. Senators Amy Klobuchar and Tina Smith in urging Congressional leaders to include direct financial support to restaurants in the upcoming COVID-19 relief package or as a standalone bill. In a letter addressed to Congressional leaders in both parties, the lawmakers called for a targeted grant relief program, as outlined in the RESTAURANTS Act, to be made a top priority in future negotiations.
WASHINGTON, DC – Today, U.S. Representative Angie Craig released the following statement on the House passage of an omnibus government funding bill as well as a COVID relief bill. The bill now awaits approval in the Senate, before it heads to the President's desk to be signed into law.
WASHINGTON, DC – This week, U.S. Representative Angie Craig joined a bipartisan, bicameral group of lawmakers in urging Congressional leaders of both parties to include a $120 billion revitalization fund for small and independent restaurants in any future COVID-19 relief package or year-end spending bill. The proposal, which has earned the support of 50 senators and passed the U.S. House in October, was introduced in June as the RESTAURANTS Act of 2020.
WASHINGTON, DC – Today, U.S. Representative Angie Craig's bipartisan bill to improve the Small Business Administration's 504 Loan Program unanimously passed the U.S. House of Representatives.