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Small Businesses Drive the Global Economy

Chairwoman Velázquez, Ranking Member Chabot, and other members of the House Small Business Committee, thank you for allowing the Cato Institute to testify today on the important subject of the foreign and domestic market access issues faced by America’s small companies. credit union for business America’s growing engagement in the global economy is not just a story of the Fortune 500. Increasingly, small and medium sized U.S. companies are entering global markets not only to sell but also to buy and invest. In response, Congress and the administration can and should do more to open new opportunities for U.S. small businesses to remain competitive in a globalized economy. credit union for business Members of Congress should start from the premise that expanding trade and globalization are not a threat to American companies but an opportunity. We should reject the protectionist and defeatist arguments that portray the U.S. economy in general and American manufacturing companies in particular as victims of global competition. Nothing could be further from the truth credit union for business

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