Press Releases

ByOffice of Advocacy

Advocacy to Host Regulatory Reform Roundtable for National Small Business Week in Sacramento, CA

Release Number: 18-18 ADV

WASHINGTON, D.C. – On Wednesday, May 2, the Office of Advocacy of the U.S. Small Business Administration (SBA) will host a Regulatory Reform Roundtable in Sacramento, Calif. The roundtable is an official event of SBA’s National Small Business Week in Sacramento. The event will be held from 8 a.m. to 11:30 a.m. PDT at the SAFE Credit Union – Corporate Headquarters, 2295 Iron Point Rd., Ste. 100.

The purpose of this event is to gain valuable insight into which specific federal regulatory burdens present the biggest barriers to small business growth. With these recommendations, Advocacy can better assist federal agencies in complying with President Trump’s directives to reduce burdensome regulations. Additionally, information compiled from this roundtable and others will help Advocacy generate a report informing Congress and the public of the top regulatory issues for small businesses.

“The Office of Advocacy plays a crucial role in supporting our nation’s small businesses,” said Major L. Clark III, Acting Chief Counsel for Advocacy. “Holding these regional roundtables to hear concerns directly from small business owners is a key component in our efforts to help lessen the heavy regulatory burden on small business.”

This event is free and open to the public. If you would like to attend, please register at: https://www.eventbrite.com/e/sba-office-of-advocacy-regional-regulatory-roundtable-sacramento-ca-tickets-45209244066

If you are unable to attend this event, but would still like to inform Advocacy of a regulatory issue that is important to you, please do so here: https://www.sba.gov/advocacy/regulatory-reform-input

ByOffice of Advocacy

Advocacy to Host Regulatory Reform Roundtable for Small Business in Modesto, CA

Release Number: 18-17 ADV
WASHINGTON, D.C. – On Monday, April 30, the Office of Advocacy of the Small Business Administration will host a Regulatory Reform Roundtable for small business owners in Modesto, Calif. The event will be held from 1:30 p.m. to 5 p.m. PDT at the DoubleTree Modesto, 1150 Ninth St. U.S. Representative Jeff Denham will be in attendance.

The purpose of this event is to gain valuable insight into which specific federal regulatory burdens present the biggest barriers to small business growth. With these recommendations, Advocacy can better assist federal agencies in complying with President Trump’s directives to reduce burdensome regulations. Additionally, information compiled from this roundtable and others will help Advocacy generate a new report informing Congress and the public of the top regulatory issues for small businesses.

“The Office of Advocacy plays a crucial role in supporting our nation’s small businesses,” said Major L. Clark III, Acting Chief Counsel for Advocacy. “Holding these regional roundtables to hear concerns directly from small business owners is a key component in our efforts to help lessen the heavy regulatory burden on small business.”

“Limiting regulations and cutting taxes are good for growth in the Valley. I will always fight for Valley families and Valley jobs,” said U.S. Representative Jeff Denham (R, Turlock).

This event is free and open to the public. If you would like to attend, please register at: https://www.eventbrite.com/e/sba-office-of-advocacy-regional-regulatory-roundtable-modesto-ca-tickets-45246053163

If you are unable to attend this event, but would still like to inform Advocacy of a regulatory issue that is important to you, please do so here: https://www.sba.gov/advocacy/regulatory-reform-input

ByOffice of Advocacy

Advocacy Appoints Thomas J. Rossomando to Serve as Advocate for Manufacturing and Technology

Release Number: 18-16 ADV
WASHINGTON, D.C. – Thomas J. Rossomando has been appointed to serve as the Manufacturing and Technology Advocate for the Office of Advocacy of the U.S. Small Business Administration. In this role, Rossomando will advocate on behalf of small businesses in the manufacturing and technology sectors. He will work with small business owners, state and local government agencies, state legislators, and small business associations to help the Office of Advocacy voice the small business concerns of the nation’s manufacturing and technology industries before the White House, federal agencies and Congress.

“Small manufacturing and technology firms have a strong advocate in Tom Rossomando,” said Acting Chief Counsel Major L. Clark, III. “His previous experience has prepared him well for his new role, and we are happy to welcome him to the Advocacy team.”

“It’s truly a privilege and honor to serve this unique office and support its critical mission to advocate for small business,” said Rossomando. “I look forward to being a strong advocate on behalf of the American economic engine driven by our nation’s small manufacturers and technology firms.”

Rossomando comes to Advocacy with an extensive background in business development. Previously, he served as a business development specialist for the Commonwealth of Pennsylvania. In this role, he helped various businesses, a majority of which were small, move their operations to Pennsylvania, increasing the state’s business diversity and workforce. Rossomando will be located in SBA’s King of Prussia Office in Pennsylvania.

The Office of Advocacy has regional advocates in each of the 10 federal regions, plus a national rural affairs advocate, and a manufacturing and technology advocate. This team identifies new issues and concerns of small business owners. They work closely with local government officials, state officials and legislators, and the Chief Counsel for Advocacy to develop programs and policies that support small business growth.

ByOffice of Advocacy

Advocacy Research Finds Most Small Businesses Seeking Equity Crowdfunding Are Young Firms

Release Number: 18-15 ADV 

WASHINGTON, D.C. – A new report by the Office of Advocacy analyzes trends in small business crowdfunding activity. The new report by Economist Lindsay Abate titled, “One Year of Equity Crowdfunding: Initial Market Developments and Trends,” analyzes Securities and Commission data following the implementation of the new securities-based crowdfunding rule Regulation Crowdfunding. It provides a first look at the small business adoption of equity crowdfunding.

The analysis found:

  • Small businesses raised an aggregate of more than $30 million during the first year of equity crowdfunding activity, with an average of $289,000 raised in a successful campaign.
  • There was significant geographic clustering among crowdfunding firms, with 50 percent of firms being located in California, Florida, and Texas.
  • Equity crowdfunding was particularly popular among very young firms. Nearly a third of firms were six months or younger when initiating their crowdfunding campaign, and 88 percent were five years or younger at the time of filing.

The report highlights key attributes of the firms that have attempted to raise capital through this type of crowdfunding, including firm location, legal structure, firm age, employment, and leadership gender. It also describes trends among the online intermediaries responsible for hosting the campaigns, as well as transactional characteristics, such as the type of securities offered and the amount of capital sought and successfully raised.

”One Year of Equity Crowdfunding: Initial Market Developments and Trends,” is part of Advocacy’s Alternative Finance Series which focuses on the significance of alternative and emerging finance to small businesses. This series covers topics such as securities regulations, interest rates, and crowdfunding. It also informs policymakers, researchers, and small business owners on key finance-related issues. You can find Lindsay Abate’s report here: https://go.usa.gov/xQrXE .

For all of Advocacy’s issue briefs click here: https://www.sba.gov/advocacy/issue-briefs.

ByOffice of Advocacy

Advocacy to Host a Regulatory Reform Roundtable and a NAFTA Outreach Meeting for Small Businesses in Atlanta

Release Number: 18-14 ADV

WASHINGTON, D.C. – On Tuesday, April 10th, the Office of Advocacy of the U.S. Small Business Administration will host a Regulatory Reform Roundtable at 8:30 a.m. with a special focus on environmental regulatory issues at 2:00 p.m. The roundtable will be held at the GTRI Conference Center, 205 14th Street, NW, Atlanta, GA 30318. On Wednesday, April 11th, Advocacy will hold a NAFTA Modernization Outreach meeting at 9:00 a.m. for small business owners to attend and give input. The meeting will be located at the Georgia Department of Economic Development, 75 5th Street Northwest, 10th floor, Atlanta, GA 30308.

  1. Regulatory Reform Roundtable – Tuesday, April 10th  8:30 a.m. to 12:30 p.m.,  Environmental Regulatory Issues 2:00 p.m. to 4:30 p.m.

The purpose of this event is to gain valuable insight into which specific federal regulatory burdens present the biggest barriers to small business growth. With these recommendations, Advocacy can better assist federal agencies in complying with President Trump’s directives to reduce burdensome regulations. Additionally, information compiled from this roundtable and others will help Advocacy generate a new report informing Congress and the public of the top regulatory issues for small businesses.

This event is open to the public. If you would like to attend, please register at: https://www.eventbrite.com/e/sba-office-of-advocacy-regional-regulatory-roundtable-atlanta-ga-tickets-43670690210

  1. NAFTA Modernization Outreach Meeting –  Wednesday, April 11th  9:00 a.m. to 12 p.m.

The Office of Advocacy is writing a report for Congress on the views of small business on the potential economic effects of a renegotiated NAFTA. In order for this outreach effort to be successful, we need small business participation. This will be an opportunity for small business leaders to educate Advocacy and federal agencies through first-hand accounts of how they have been impacted by NAFTA.

This event is open to the public, but closed to the press. If you would like to attend, please register at: https://www.eventbrite.com/e/sba-advocacy-nafta-modernization-outreach-meeting-atlanta-ga-tickets-43670676168

ByOffice of Advocacy

Regulatory Burden Reduced for Small Businesses in FY 2017

Release Number: 18-12 ADV

Regulatory Burden Reduced for Small Businesses in FY 2017

WASHINGTON, D.C. – Every year, the Office of Advocacy reports on efforts to relieve the burden of new regulations on small businesses. These efforts are the result of the Regulatory Flexibility Act (RFA), a tool that requires federal agencies to evaluate the impact of new rules on small businesses and to consider flexible approaches to complying with them.

In fiscal year 2017, efforts to reduce the regulatory impact of federal rules produced several success stories, including cost savings to small business. The Office of Advocacy’s latest publication, “Report on the Regulatory Flexibility Act, FY 2017,” explains these efforts in detail, along with related regulatory reform efforts.

“The RFA is the legal foundation of small business consideration in federal rulemaking,” said Acting Chief Counsel for Advocacy Major Clark, III. “It is a guidebook for today’s efforts to reduce federal regulation and maximize the small business benefit of cost-cutting measures.”

One of this year’s regulatory cost savings concerned the application of Title III of the Americans with Disabilities Act to movie theaters. After receiving input from theater operators and the Office of Advocacy, the Justice Department’s final rule cost small businesses $66 million less than the original proposal.

President Trump has launched an era of deregulation, and federal agencies have been directed not to issue any new rules unless two are eliminated. To help identify the rules that pose big burdens on small businesses, Advocacy is hosting Regional Regulatory Reform Roundtables around the nation. These events gather firsthand input and educate rule-writing officials on small businesses’ regulatory headaches.

“Advocacy looks forward to building on these efforts in the coming year and making continued significant progress in relieving small businesses’ regulatory burden,” said Acting Chief Counsel Clark.

The “Report on the Regulatory Flexibility Act, FY 2017” is available on Advocacy’s website at: www.sba.gov/advocacy/regulatory-flexibility-act-annual-reports

For more information, visit the Office of Advocacy website at www.sba.gov/advocacy.

ByOffice of Advocacy

Advocacy Seeks Regulatory Reform Input from Small Businesses in Milwaukee, SBA Administrator Will Attend

Release Number: 18-11 ADV

Advocacy Seeks Regulatory Reform Input from Small Businesses in Milwaukee, SBA Administrator Will Attend

WASHINGTON, D.C. – On Friday, March 16th, the Office of Advocacy of the U.S. Small Business Administration will host a Regulatory Reform Roundtable in Milwaukee. The event will begin at 8:30 a.m. at Schlitz Park, 1555 N Rivercenter Drive, Milwaukee, WI 53212. SBA Administrator Linda McMahon will be in attendance.

The purpose of this event is to gain valuable insight into which specific federal regulatory burdens present the biggest barriers to small business growth. With these recommendations, Advocacy can better assist federal agencies in complying with President Trump’s directives to reduce burdensome regulations. Additionally, information compiled from this roundtable and others will help Advocacy generate a new report informing Congress and the public of the top regulatory issues for small businesses.

“The SBA Office of Advocacy has a unique mission to be the voice of small business in federal regulations,” SBA Administrator Linda McMahon said. “It is an independent office working especially hard to make its resources known to small business owners all over the country. I encourage small business owners in greater Milwaukee to take advantage of this opportunity to inform Advocacy of their federal regulatory hardships.”

“The Office of Advocacy plays a crucial role in supporting our nation’s small businesses,” said Major L. Clark III, Acting Chief Counsel for Advocacy. “Holding these regional roundtables to hear concerns directly from small business owners is a key component in our efforts to help lessen the heavy regulatory burden on small business.”

This event is open to the public. If you would like to attend, please register at: https://www.eventbrite.com/e/sba-office-of-advocacy-regional-regulatory-roundtable-milwaukee-wi-tickets-43640386571

If you are unable to attend this event, but would still like to inform Advocacy of a regulatory issue that is important to you, please do so here: https://www.sba.gov/advocacy/regulatory-reform-input.

ByOffice of Advocacy

Advocacy to Host NAFTA Modernization Meeting for Small Businesses in Milwaukee

Release Number: 18-10 ADV

Advocacy to Host NAFTA Modernization Meeting for Small Businesses in Milwaukee

WASHINGTON, D.C. – On Thursday, March 15th, the Office of Advocacy of the U.S. Small Business Administration will host a NAFTA Modernization Meeting in Milwaukee for small business owners and stakeholders to attend and give input. The event will begin at 1:30 p.m. at the Tommy G. Thompson Youth Center, 640 S 84th St., Milwaukee, WI 53214. SBA Administrator Linda McMahon will be in attendance.

In early 2016, Congress passed the Trade Facilitation and Trade Enforcement Act (TFTEA), establishing a new role for the Office of Advocacy: to facilitate greater consideration of small business economic issues during international trade negotiations. On May 18, 2017, the President notified Congress of the intent to renegotiate the North American Free Trade Agreement (NAFTA). This triggered Advocacy’s obligations under TFTEA, including a report for Congress on the views of small business on the potential economic effects of a renegotiated NAFTA.

For this report, Advocacy is hosting outreach meetings across the country to hear from small businesses affected by international trade with Canada and Mexico. The purpose of Advocacy’s outreach efforts is to hear directly from small businesses on their priorities, opportunities and challenges in a renegotiated NAFTA.

“A renegotiated NAFTA could have a profound impact on small businesses across the country,” said Major L. Clark, III, acting Chief Counsel for the Office of Advocacy. “It’s important for small businesses to take advantage of this unique opportunity to provide input directly to Advocacy before any changes to the agreement go into effect.”

In order for this outreach effort to be successful, we need small business participation. This meeting will be an opportunity for small business leaders to educate Advocacy and federal agencies through first-hand accounts of how they have been impacted by NAFTA.

Follow this link for more information and to register for this event: https://www.eventbrite.com/e/sba-advocacy-nafta-modernization-outreach-meeting-milwaukee-wi-tickets-43640003425

ByOffice of Advocacy

Advocacy Seeks Small Business Input at a Regulatory Reform Roundtable and a NAFTA Outreach meeting in Detroit

Release Number: 18-09

Advocacy Seeks Small Business Input at a Regulatory Reform Roundtable and a NAFTA Outreach meeting in Detroit

WASHINGTON, D.C. – On Tuesday, March 13th, the Office of Advocacy of the U.S. Small Business Administration will host a Regulatory Reform Roundtable at 8:30 a.m. and a NAFTA Modernization Outreach meeting at 1:30 p.m. in a suburb of Detroit for small business owners to attend and give input. Both events will be located in the Woodward Ballroom at the Embassy Suites by Hilton Detroit Southfield, 28100 Franklin Road, Southfield, MI 48034.

  1. Regulatory Reform Roundtable – 8:30 a.m. to 12:30 p.m.

The purpose of this event is to gain valuable insight into which specific federal regulatory burdens present the biggest barriers to small business growth. With these recommendations, Advocacy can better assist federal agencies in complying with President Trump’s directives to reduce burdensome regulations. Additionally, information compiled from this roundtable and others will help Advocacy generate a new report informing Congress and the public of the top regulatory issues for small businesses.

This event is open to the public. If you would like to attend, please register at: https://www.eventbrite.com/e/sba-office-of-advocacy-regional-regulatory-roundtable-detroit-mi-tickets-43639719576

  1. NAFTA Modernization Outreach Meeting – 1:30 p.m. to 4:30 p.m.

The Office of Advocacy is writing a report for Congress on the views of small business on the potential economic effects of a renegotiated NAFTA. In order for this outreach effort to be successful, we need small business participation. This will be an opportunity for small business leaders to educate Advocacy and federal agencies through first-hand accounts of how they have been impacted by NAFTA.

This event is open to the public, but closed to the press. If you would like to attend, please register at: https://www.eventbrite.com/e/sba-advocacy-nafta-modernization-outreach-meeting-detroit-mi-tickets-43639913155.

ByOffice of Advocacy

Advocacy to Host a Regulatory Reform Roundtable and a NAFTA Outreach Meeting for Small Businesses in San Antonio

Release Number: 18-06 ADV

Advocacy to Host a Regulatory Reform Roundtable and a NAFTA Outreach Meeting for Small Businesses in San Antonio

WASHINGTON, D.C. – On Monday March 19th, the Office of Advocacy of the U.S. Small Business Administration will host a Regulatory Reform Roundtable at 8:30 a.m. and a NAFTA Modernization Outreach meeting at 1:30 p.m. for small business owners to attend and give input. Both events will be located at Durango Building, 501 W. Cesar E Chavez Blvd. San Antonio, TX 78207

  1. Regulatory Reform Roundtable – 8:30 a.m. to 12:30 p.m.

The purpose of this event is to gain valuable insight into which specific federal regulatory burdens present the biggest barriers to small business growth. With these recommendations, Advocacy can better assist federal agencies in complying with President Trump’s directives to reduce burdensome regulations. Additionally, information compiled from this roundtable and others will help Advocacy generate a new report informing Congress and the public of the top regulatory issues for small businesses.

This event is open to the public. If you would like to attend, please register at: https://www.eventbrite.com/e/sba-office-of-advocacy-regional-regulatory-roundtable-san-antonio-tx-tickets-43212226934

  1. NAFTA Modernization Outreach Meeting – 1:30 p.m. to 4:30 p.m.

The Office of Advocacy is writing a report for Congress on the views of small business on the potential economic effects of a renegotiated NAFTA. In order for this outreach effort to be successful, we need small business participation. This will be an opportunity for small business leaders to educate Advocacy and federal agencies through first-hand accounts of how they have been impacted by NAFTA.

This event is open to the public, but closed to the press. If you would like to attend, please register at: https://www.eventbrite.com/e/sba-advocacy-nafta-modernization-outreach-meeting-san-antonio-tx-tickets-43214637143