Small Businesses
“Small businesses are the engine of our economy, helping to drive innovative economic growth and create good-paying jobs. Promoting entrepreneurship and supporting small businesses is a top priority of mine, and I will continue to work across party lines to build a stronger workforce and give small businesses the support that they need to succeed.” – Senator Hassan
Senator Hassan, as a member of the Senate Finance Committee, is working to ensure that small businesses and innovative entrepreneurs have the support that they need to get ahead and stay ahead.
To encourage the development of more small businesses, the first bill Senator Hassan introduced in the United States Senate was the Reigniting Opportunity for Innovators (ROI) Act, which would provide student loan debt relief for entrepreneurs to help them start up and grow innovative small businesses.
In the 21st century innovation economy, access to high-speed internet is a necessity, and Senator Hassan has been a leader in working to expand broadband infrastructure, especially in New Hampshire’s rural and underserved areas. Senator Hassan supports the Save the Internet Act, which would keep the internet open and free by restoring critical net neutrality protections, and she cosponsored bipartisan legislation – that is now law – to provide small businesses with resources to help protect their digital assets from cybersecurity threats.
Senator Hassan strongly opposes the Supreme Court’s backward ruling in South Dakota v. Wayfair Inc., which requires New Hampshire businesses to collect internet sales taxes for other states and creates burdensome red tape for Granite State businesses. Senator Hassan supports completely overturning the Wayfair decision. In the meantime, she has led efforts to lessen the impact of the decision on small businesses.
In an effort to make it easier for small business to offer retirement plans for their employees, Senator Hassan joined in introducing the bipartisan Retirement Security Act to remove barriers that often keep small businesses from being able to offer retirement plans for their employees.
New Hampshire’s craft breweries increasingly help drive the state’s economic growth. To support this important industry, Senator Hassan has championed bipartisan legislation to lower the federal excise tax on the brewing industry and streamline outdated federal regulations for brewing, winemaking, and distilling.
Senator Hassan will continue to focus on critical economic priorities for New Hampshire’s small businesses that foster innovation and expand opportunity for hard-working families across the Granite State.
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Related News
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September 23, 2021
Senator Hassan Cosponsors Bipartisan Bill to Support Hard-Hit Restaurants in New Hampshire
WASHINGTON - U.S. Senator Maggie Hassan cosponsored bipartisan legislation to provide an additional $60 billion in revitalization funds to support independent restaurants and small franchises in New Hampshire and across the country as the industry continues to deal with long-term challenges associated with the COVID-19 pandemic. The bipartisan Real Economic Support That Acknowledges Unique Restaurant Assistance Needed to Survive (RESTAURANTS) Act of 2021 would allow restaurant owners to apply for grants to help cover eligible expenses, including payroll, rent, utilities, and even food.
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September 08, 2021
NH Delegation Announces $60 Million Heading to Mascoma Bank to Support Small Businesses & Community Development
(Manchester, NH) - Today, U.S. Senator Jeanne Shaheen (D-NH), a senior member of the Senate Small Business and Appropriations Committees, Senator Maggie Hassan (D-NH) and Representatives Annie Kuster (NH-02) and Chris Pappas (NH-01) announced that Mascoma Bank in Lebanon will receive $60 million through the New Markets Tax Credit (NMTC) program to promote immediate recovery efforts and sustained economic development. Mascoma Community Development works to help raise capital, facilitate loans and support community development across New Hampshire; this NMTC award will greatly strengthen their ability to invest in our communities.
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July 26, 2021
Senator Hassan Goes to Bat for the Fisher Cats & Minor League Baseball Teams Across the Country
WASHINGTON - U.S. Senator Maggie Hassan (D-NH) joined her colleagues in stepping up to the plate by cosponsoring legislation to help independent professional baseball and Minor League Baseball (MiLB) teams, including the Fisher Cats, that have struggled economically after the COVID-19 crisis threw a curveball into their 2020 and 2021 seasons. The Minor League Baseball Relief Act would provide up to $550 million in federal relief funding for independent and MiLB teams. This would also strengthen local economies, since game attendees patronize small businesses such as restaurants, hotels, and other attractions across New England.
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July 06, 2021
NH’s Craft Distillers Discuss Impact of Tax Relief that Senator Hassan Secured
SALEM - U.S. Senator Maggie Hassan visited Fabrizia Spirits in Salem today to meet with members of the New Hampshire Craft Spirits Organization to discuss how the tax relief she secured is helping them grow their businesses.
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July 02, 2021
Senator Hassan Visits Lakes Region to Speak with Local Businesses Recovering from COVID-19 Pandemic
NEW HAMPSHIRE – U.S. Senator Maggie Hassan visited the Bank of New Hampshire Pavilion in Gilford and Twin Barns Brewery Co. in Meredith today to discuss their recovery from the COVID-19 pandemic and plans for the summer. During the visits, Senator Hassan heard from the businesses about the importance of the COVID-19 relief that Senator Hassan helped secure, and how this funding is helping them recover and keep their doors open safely.
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June 30, 2021
SMALL BUSINESS COUNCIL OF AMERICA HONORS MEMBERS OF CONGRESS DURING 38TH ANNUAL CONGRESSIONAL AWARDS
June 29, 2021) - On June 23, 2021, the Small Business Council of America (SBCA) presented its 38th Annual Congressional Awards. The SBCA is a national non-partisan nonprofit organization which has represented the interests of more than 100,000 privately-held and family-owned organizations on federal tax, employee benefit and health care issues for more than forty years.
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June 25, 2021
Senator Hassan Delivers Remarks at Ribbon Cutting for Walter Bat Company in Nashua
NASHUA – U.S. Senator Maggie Hassan attended the ribbon cutting ceremony for the opening of Walter Bat Company, where she celebrated the company’s entrepreneurial spirit and workforce creativity. Walter Bat Company, which manufactures handcrafted wooden baseball bats for youths and adults, is a new business from W.H. Bagshaw, a 5th generation family-owned manufacturing company based in Nashua.
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