The Bipartisan Policy Center and Goldman Sachs 10,000 Small Businesses Voices, in partnership with small business owners across the country, today released a new report – From Pandemic to Prosperity: Bipartisan Solutions to Support Today’s Small Businesses.
The new report urges Congress to reauthorize the Small Business Administration (SBA) for the first time in over two decades, allowing programs supporting small businesses to be reimagined to reflect the realities of today’s economy.
According to a release, the report crystallizes more than a year of conversations with small business owners, as well as national surveys of small business owners conducted by Goldman Sachs 10,000 Small Businesses Voices, and discussions with current and former government officials. Its findings underscore the urgent need for Congress to further support small businesses and reauthorize the SBA to address persistent challenges small business owners are facing, primarily: recruiting and retaining workers in a highly competitive environment, ensuring that employees have access to quality, affordable child care, accessing capital and competing for government contracts.
“Small businesses add to the economic vitality of our country, but outdated policies are holding them back,” said David Solomon, chairman and CEO of Goldman Sachs. “Our new report shows bipartisan solutions, like expanding access to retirement plans and investing in high-quality childcare, will advance economic growth.”
“When Congress last reauthorized the Small Business Administration, Amazon was best known as the world’s largest river, and the iPhone was still seven years away from being introduced. It is imperative that Congress reimagines the role the Small Business Administration can play in reinvigorating America’s economy with modernized programs offering small business owners the support they need to succeed today – not the now seemingly-ancient economy of 20 years ago,” said Perlla Deluca, owner of Southeast Constructors in Des Moines, Iowa.
The full report can be found at www.gs.com/from-pandemic-to-prosperity.
