Small Businesses

Small businesses are the heart of the American economy.  Our country’s small businesses employ half of the nation’s private sector workforce and create a large portion of America’s new jobs. It is critical that small businesses play a significant role in our efforts to restore America’s economic strength and the growth of Memphis.

Growing small businesses – specifically businesses owned by minorities and women entrepreneurs - has been a recent topic in Memphis. Opening new doors for small businesses here in the United States and internationally is essential. For Memphis businesses to grow, we must ensure they are represented in the federal government’s procurement process. One of the largest customers of goods and services is the federal government, and last year small businesses in the U.S. received nearly 1.8 million contracts totaling almost $90 million.

In an effort to ensure that small businesses in Memphis have the information that they need, I have for several years hosted a Federal Procurement Fair to help small business owners who want to do business with the U.S. government. The Department of Transportation, Department of Energy, Minority Business Development Agency, Department of Housing and Urban Development, Small Business Administration and other federal agencies attend to help explain the federal contracting process and the basic requirements of engaging in business with the federal government.

Expanding the American workforce and supporting small businesses is an economic imperative. As we continue with that work, it is important for the public and private sectors to work together. I am committed to playing my part to support and empower hardworking American families, protect jobs and support small business growth in the Memphis area.

More on Small Businesses

November 20, 2020 Press Release

MEMPHIS – Congressman Steve Cohen (TN-09) today wrote for a third time to Treasury Secretary Steven Mnuchin asking for clarification of the Treasury Department’s plan to forgive Paycheck Protection Program (PPP) loans despite clear evidence that some were obtained by fraud. In today’s letter, Congressman Cohen urged the Secretary to ensure necessary controls are in place to deliver maximum relief to PPP borrowers while maintaining the government’s ability to prosecute PPP fraud.  

The letter reads in part: 

October 26, 2020 Press Release

MEMPHIS – Congressman Steve Cohen (TN-09) today wrote to House Democratic leaders asking that they incorporate an increase in coronavirus economic relief funding for cinemas like one recently introduced in the Senate. That measure, the Heroes Small Business Lifeline Act, establishes targeted relief for movie theaters that will save both jobs and the movie industry.

October 1, 2020 Press Release

WASHINGTON – Congressman Steve Cohen (TN-09) tonight voted for the updated Heroes Act, which contains many of the provisions he has fought hard to have included in the measure addressing our ongoing health and economic catastrophe to protect lives, livelihoods and the life of our democracy. The $2.2 trillion measure is a scaled down version of the Heroes Act the House passed on May 15 but which the Senate has so far failed to consider.

Tonight’s vote on passage was 214 to 207.

Congressman Cohen made the following statement:

September 28, 2020 Press Release

MEMPHIS – Congressman Steve Cohen (TN-09) this evening enthusiastically endorsed an updated Heroes Act to address the ongoing health and economic catastrophe with much-needed assistance to protect lives, livelihoods and the life of our democracy. The $2.2 trillion measure is a scaled down version of the Heroes Act the House passed four months ago but which the Senate has failed to consider.

Congressman Cohen made the following statement:

September 28, 2020 Press Release

 

MEMPHIS – Congressman Steve Cohen (TN-09) today wrote to Treasury Secretary Steven Mnuchin for the second time, asking for clarification of his plan to forgive Paycheck Protection Program (PPP) loans despite clear evidence that some were obtained by fraud. In today’s letter, Congressman Cohen also asked Mnuchin to review coronavirus-related loans to businesses associated with President Trump in light of recent revelations that several businesses with ties to the president received millions of dollars in loans.

His letter reads in part:

September 25, 2020 Press Release

WASHINGTON – Congressman Steve Cohen (TN-09) today wrote to House Democratic Leaders asking that they include elements of three bills he has cosponsored supporting the entertainment, hospitality and restaurant industries in any new coronavirus relief package.

The letter reads in part:

September 11, 2020 Press Release

MEMPHIS – Congressman Steve Cohen (TN-09) today wrote to Treasury Secretary Steven Mnuchin asking that he reconsider blanket loan forgiveness for recipients of assistance through the Paycheck Protection Program after both the Department of Justice and the Internal Revenue Service identified egregious instances of fraud. Congressman Cohen reminded Mnuchin of his public testimony on the issue of loan forgiveness and asked, in light of the fraud concerns, whether he has reversed his position.

The letter reads in part:

September 10, 2020 Press Release

MEMPHIS – Congressmen Steve Cohen (TN-09) and Jim Cooper today held a press event outside the Exit/In music venue in Nashville to call attention to four bills they have cosponsored that address the needs of restaurant and entertainment venue employees. Several business owners also participated.

The measures are H.R. 4258, the Save Our Stages Act, H.R. 7481, the RESTART Act, H.R. 7197, the Real Economic Support That Acknowledges Unique Restaurant Assistance Needed To Survive (RESTAURANTS) Act, and H.R. 7691, the Mixed Earner Pandemic Unemployment Assistance Acts. 

September 4, 2020 Press Release

 

MEMPHIS – Congressman Steve Cohen (TN-09) recognized the annual Labor Day holiday Monday with the following statement:

August 5, 2020 Press Release

MEMPHIS – Congressman Steve Cohen (TN-09) today wrote to Democratic leaders negotiating the next round of coronavirus pandemic economic relief to urge them to prioritize the needs of small and minority businesses in the Paycheck Protection Program and to ensure there are proper levels of transparency in place.