Congressman Neguse Introduces Bipartisan Bill to Expand Small Business Contracting, Spur Local Economic Growth
Washington D.C.— Today, Congressman Joe Neguse (D-CO), Co-Chair of the Bipartisan Innovation and Entrepreneurship Caucus, along Representatives Kweisi Mfume (D-MD), Vice Chair of the House Small Business Committee, Maria Salazar (R-FL), Andy Kim (D-NJ), and Dean Phillips (D-MN) introduced bipartisan legislation that could redirect up to $10 billion in federal contracts to small businesses. The Small-Business Procurement Utilization Reform (SPUR) Act will provide more opportunities for small businesses to secure new contracts by raising the Small Business Administration’s government-wide contracting goals.
“Small businesses in our district drive our main street economies, they are at the heart of our communities, and over the last year many have faced tremendously difficult challenges in the wake of the COVID-19 pandemic,” said Congressman Joe Neguse. “Too often our small businesses can’t access or are unable to take advantage of federal contracting opportunities. By raising the contracting goal, the government will need to be more proactive in its outreach to small businesses. More contracts will help small businesses grow and hire more workers, empowering them to continue to give back to our communities. In the wake of the pandemic, it’s critical we are doing everything we can to support our small businesses, support growth and innovation.”
“The SPUR Act is common-sense legislation. From coast to coast, small businesses are the engine of our country’s economy. Of course the federal government should do all it can to do business with small businesses. It’s a no-brainer,” said Congressman Kweisi Mfume, Vice-Chair of the House Small Business Committee.
“Small business contractors have been devastated by the COVID-19 pandemic and continue to struggle to get back on their feet,” said Congresswoman Maria Salazar. “The bipartisan SPUR Act will directly benefit hardworking contractors by expanding opportunities to offer their services to the federal government. I’ll never stop fighting for our local job creators!”
“When we invest in our small businesses, we invest in our communities, our families and in our future. The SPUR Act will provide new opportunities to our local entrepreneurs at a time when they need them most. I’m proud to work with Congressman Neguse to introduce this bill and hope our colleagues from both sides of the aisle join us in passing this through the House,” said Congressman Andy Kim.
“An impressive 99.9% of U.S. companies are small businesses. These organizations are the lifeblood of our economy and investing in their success is simply the right thing to do,” said Mark Gordon, President and CEO, of Stratom, inc. a small business located in Boulder, Colorado. “Increasing the percentage of procurement contracts awarded to small-business owners will have a significant and long-term positive impact on our economy, making it possible to generate new employment opportunities and make technology advancements that will drive industries forward.”
“The SPUR Act arrives at a critical juncture for our nation’s small businesses and economy. Small businesses are dealing with unprecedented challenges in the wake of COVID-19, with many facing uncertainty regarding their future,” said John Taylor, President and CEO of the Boulder Chamber. “Widening the scope of opportunity for small businesses to secure federal contracts will give them a fighting chance to keep their doors open, their manufacturing facilities running, and their employees working.”
“Small businesses are the engine driving our nation's economy. If our nation is to recover economically from the devastating impacts of the COVID-19 pandemic we must invest in U.S. owned small businesses,” said Eric Kills A Hundred, a Colorado small business advocate. “Congressman Joe Neguse recognizes the importance small businesses play in revitalizing our economy and has found a cost-free way to increase small business participation. I thank the Congressman for listening and taking action on this most important issue. His proposed legislation will have an immediate and long-lasting impact on our Nation’s economy. It is awesome to know that our Colorado lawmakers are forward thinking and are willing to take a proactive approach to the issues that impact everyday people. Support for this Bill will establish a legacy we can leave future generations of small businesses.”
Amidst the COVID-19 pandemic, Congressman Neguse introduced legislation to help small businesses weather the economic impacts. His EIDL Forgiveness Act, which calls for the exclusion of Economic Injury Disaster Loan (EIDL) Advance grants when determining forgiveness for a Paycheck Protection Program (PPP) loan, was incorporated into the bipartisan, bicameral COVID-19 relief package passed in December. The legislation clarifies that businesses that received both a PPP loan and an EIDL Advance grant can still receive full PPP loan forgiveness, regardless of benefitting from each program. Following the Cameron Peak and East Troublesome Fires, Congressman Neguse helped secure a disaster declaration to bring in Small Business Administration relief to support businesses impacted by the fires. Congressman Neguse recently visited shuttered music venues in Fort Collins to hear about their experience over the last year and share how the Shuttered Venues Operators Grant could support them.
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