Monday, November 3, 2014

LET'S HELP OUR SMALL BUSINESSES AND ENCOURAGE ENTREPRENEURSHIP


I am committed with entrepreneurship and the small business community. Nydia Velázquez has ignored small businesses, while they struggle with increased taxes, excessive bureaucracy and irrational fines.
Small businesses are America’s largest employers. Over 50% of the working population (120 million individuals) work in a small business.  Small businesses have generated over 65% of the net new jobs since 1995.  Over 50% of the working population (120 million individuals) work in a small business.  Approximately 543,000 new businesses come to life each month, but the reality is that they are struggling to survive their first year of operations.

Government regulations and red tape can be a tremendous barrier to small business growth. Small businesses' regulatory compliance costs are 36 percent higher than large businesses so it is no surprise that regulations consistently rank as a top concern for small business owners. Roughly 3,300 regulations are in the pipeline this year and many of them will affect small businesses.

Coming from a small business background, I have been able to connect with business owners in the district, and have discovered the incumbent’s lack of support for the small business community.  As chair of the Small Business Committee, besides responding to crony corporate interests, what did Rep. Nydia Velazquez do to help small businesses in NY7 dealing with bureaucracy, tax increases and other impediments that limit their growth and potential?

I propose starting a fund to promote the creation of microenterprises and providing citizens with guidelines on how to start their businesses, which will allow them to create jobs and contribute to the economy, while improving their quality of life and that of their families.

We need to promote, incentivize, and encourage businesses to scale up, while providing a pathway to regain confidence and recognize how entrepreneurial ecosystems are structured. NY7 is among the biggest business districts in the country. We must encourage our future entrepreneurs and our small business community.

As an entrepreneur, I understand all business cycles, and I am willing to represent a vibrant business community in NY7.  I will adopt policies to incentivize new firms, push for the creation of a High Growth Business Administration agency, keep taxes consistently low for all types of businesses and promote adding an “E” to STEM education ~ STEEM. “E” for entrepreneurial economics”


Twitter:  @JLFNY7
Instagram:  JLFernandezForCongress 

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