Small Business

Our small businesses are the heart and economic engine of the Second District’s thriving economies. As a member of the House Small Business Committee, I’m working hard in Congress to make sure we support the small businesses that create critical economic growth. We need to work together with local business owners so that every local entrepreneur has the resources they need to be successful, including an infrastructure package that funds high-speed internet and expands career and technical education programs to ensure young people have the skills they need to enter the workforce.

More on Small Business

April 20, 2021 Press Release

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. 

April 16, 2021 Press Release

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.

March 31, 2021 Press Release

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.

March 10, 2021 Press Release

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. 

March 3, 2021 Press Release

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.

February 11, 2021 Press Release

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. 

February 5, 2021 Press Release

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.  

December 21, 2020 Press Release

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. 

December 9, 2020 Press Release

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. 

December 3, 2020 Press Release

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.