Small Business on Capitol Hill
Sen. John Kerry (D-Mass.), who chairs the Senate Committee on Small Business and Entrepreneurship, held a hearing in Washington D.C., to address small business's difficulties in getting capital. The Senate is reviewing the Small Business Administration (SBA) Reauthorization and Improvement Act of 2008, which calls for two provisions that aim to improve the business climate for minority and women-owned small businesses. One would create additional leverage for venture capital firms that invest 51% of their portfolio with those businesses. The second would create a grant program to provide entrepreneurship training programs to spur the growth of small businesses among underserved populations.
