Small, local firms in many sectors of the U.S. economy cannot afford to raise their employees’ wages because they can’t afford to invest in new technologies and business models to raise productivity and profits.

To Help Small Firms Raise Productivity and Wages, ITIF Proposes SBA Program That Creates Economies of Scale and Scope

Congress should transform the Small Business Administration (SBA) into the New Business Administration (NBA) and shift its focus to eliminating or improving regulations that act as barriers to high-growth start-up companies.

To Do: Transform the SBA Into the New Business Administration (NBA)

Please join ITIF for the release of a comprehensive report on productivity: why it has lagged and what it’s likely to do over the next two decades, why higher productivity won’t kill jobs, why conventional policy solutions are likely to be inadequate, and what governments should do to restore robust productivity growth.

Think Like an Enterprise: Why Nations Need Comprehensive Productivity Strategies

ITIF, Niskanen Center Urge Congress to Bring Small Business Administration into the Twenty-First Century

The U.S. Senate’s Committee on Small Business and Entrepreneurship should consider enacting policies to support entrepreneurship and small business.

Comments to Senate Committee on Small Business and Entrepreneurship on Developing and Strengthening High-Growth Entrepreneurship Perspectives

The U.S. Small Business Administration should focus more on manufacturing and other traded-sector firms through its financing programs, including its 7(a) loan-guarantee program.

To Do: Focus SBA Loans on Traded-Sector Manufacturers

The engines of a nation's competitiveness, innovation, and productivity are not mom-and-pop small businesses but rather the firms in traded sectors, many of which are big firms.

In Praise of Big Business: Part 1

The Small Business Administration should redesign Business.gov and undertake a strategic design review of the federal and state small business registration process.

Spur Job Growth By Making Business Registration Easier

Congress should create a Super CHIPS Tax Credit for advanced-industry R&D and production firms’ purchases of machinery, equipment, and buildings.

To Do: Create Small Business Boards

Recommendation

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Editors’ Recommendations

Small Business Boards: A Proposal to Raise Productivity and Wages in All 50 States and the District of Columbia

Related

To Help Small Firms Raise Productivity and Wages, ITIF Proposes SBA Program That Creates Economies of Scale and Scope

To Do: Transform the SBA Into the New Business Administration (NBA)

Think Like an Enterprise: Why Nations Need Comprehensive Productivity Strategies