RSVP: The SBA and the Future of American Manufacturing
TUESDAY, 10 SEPTEMBER 2019
2044 Rayburn House Office Building
12:00 PM – 1:30 PM

House Manufacturing Caucus Event
Snacks & Refreshments to be provided

American business dynamism is in troubling decline. New business formation has been falling for decades, replaced by large incumbents and “superstar” firms with the scale needed to compete globally. A boon for some, this slowing market churn has come at the cost of depressed innovation and productivity growth for many more, whether in the form of rural stagnation or rising urban inequality.

Small and innovative manufacturers face an even bigger challenge, given large upfront capital costs and limited financing options. To address this problem, the Senate Committee on Small Business and Entrepreneurship has proposed the first overhaul of the Small Business Administration in nearly 20 years, with a serious, bipartisan focus on scaling small manufacturers to compete globally.

From enhancements to Small Business Investment Companies and R&D-focused programs, to the creation of an all-new "Innovation Growth Loan" program, join us for an in-depth briefing on the most significant reforms in the pipeline, their motivations, and what it could mean for the future dynamism of the American manufacturing sector.

For questions please contact Samuel Hammond at shammond@niskanencenter.org
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