American - Politician | November 7, 1963 -
Removing government-created obstacles to small business growth is what Washington should be addressing, and this focus should start with removing the herculean impediments to job creation found in the health care law.
Sam Graves
GrowthBusinessHealthFocusJob
At every turn, small businesses should be encouraged to compete. When they do, we all win.
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The value of small business contracting is indisputable. These firms bring healthy competition to the federal market to drive down prices. They are our nation's innovators and job creators, and securing a federal contract helps them grow and offers more benefit to the economy.
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Small businesses win as they get more contracts; workers win as small businesses create jobs; and taxpayers win as prices are driven down.
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Competition is a powerful and essential part of this nation's economy and vital to cutting government costs.
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A P2P business is a company that creates a platform which allows individuals or 'peers' to directly buy and sell from each other. This activity has sometimes been called the 'sharing economy.' Some are wary of these new companies and the challenge they pose to the established market.
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Bringing buyers and sellers together through a single platform is not a new idea - most of us know about eBay's success - but with advancing technology comes new innovative methods for businesses to connect customers with those who want to offer services.
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The P2P marketplace extends into other markets where individuals are monetizing underutilized assets. Lodging is one example. Instead of finding a hotel room, in the sharing economy you can rent a spare room from a local resident.
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As newly created P2P businesses disrupt the status quo and compete with established companies, they face the difficulty of fitting a square peg into a round hole when it comes to existing regulatory regimes that don't contemplate their business models.
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Small companies need capital to invest, expand, and create jobs. And the economy needs a healthy small business community to bolster and sustain its recovery.
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The JOBS Act will allow entrepreneurs to utilize 'crowdfunding,' which permits them to raise equity capital from a large pool of small investors.
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The few effective provisions of Dodd-Frank are masked by its many flaws - flaws that have been and will continue to be detrimental to the American economy and our financial future if not reversed.
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