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Hassan has championed bipartisan legislation to lower the federal excise tax on the brewing industry and streamline outdated federal regulations for brewing, winemaking, and distilling.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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April 05, 2020
As Small Business Assistance Program Launches, NH Delegation Calls for Trump Administration to Issue Better Guidance to Lending Institutions
(Washington, DC)-U.S. Senator Jeanne Shaheen (D-NH), a senior member of the Senate Small Business Committee and a lead negotiator of the small business assistance provisions in the Coronavirus Aid, Relief, and Economic Security (CARES) Act, U.S. Senator Maggie Hassan (D-NH) and U.S. Representatives Annie Kuster (NH-02) and Chris Pappas (NH-01) sent the following letter to the Small Business Administration Administrator Jovita Carranza and Treasury Secretary Steven Mnuchin urging their respective agencies to provide better guidance to lending institutions so that they can issue loans through the newly-enacted Paycheck Protection Program. This new program launched on Friday and was established through the CARES Act to help small businesses keep employees on payroll and stay financially afloat through the COVID-19 crisis.
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April 01, 2020
Kuster, Hassan Hold Call with New Hampshire Small Businesses on COVID-19 Planning, Preparation and Impact
Concord, NH - Today, Rep. Annie Kuster (NH-02) and Senator Maggie Hassan (D-NH) held a call with local business leaders to discuss planning, preparation and impact of COVID-19 on New Hampshire businesses. Kuster and Hassan heard directly from local business leaders in the state, including the New Hampshire Department of Business and Economic Affairs, the Small Business Administration, and the New Hampshire Bankers Association.
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March 31, 2020
NH Delegation Announces $147 Million in Additional Funding That NH Can Expect From New Law to Respond to COVID-19
(Washington, DC)-U.S. Senator Jeanne Shaheen (D-NH), a negotiator of the recent COVID-19 economic response legislation, and Senator Maggie Hassan (D-NH) and Representatives Annie Kuster (NH-02) and Chris Pappas (NH-01) announced $147 million that New Hampshire can expect from this new law that was signed by the President on Friday. This funding is in addition to the $1.25 billion that the state will receive to compensate for COVID-19 emergency response efforts. Further allocations to New Hampshire through the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) and other response legislation will be announced as they become available.
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March 27, 2020
Senator Hassan Applauds House Passage of Bipartisan COVID-19 Response Package
WASHINGTON - U.S. Senator Maggie Hassan released the following statement after the House passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act that the Senate passed unanimously on Thursday. The legislation now heads to the president’s desk for signature.
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March 26, 2020
Senator Hassan Applauds Passage of Latest Bipartisan COVID-19 Response Package
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March 19, 2020
Senator Hassan Statement on Introducing New Legislation to Suspend SBA Loans for 6 Months, Provide Financial Reprieve to NH Small Businesses Financially Impacted by Coronavirus
WASHINGTON - U.S. Senator Maggie Hassan issued the following statement after joining Senator Jeanne Shaheen and other colleagues in introducing legislation to ensure every small business with a loan from the Small Business Administration (SBA) would be relieved of their loan payments-including principal, interest, and fees—for the next six months. The Small Business Debt Relief Act of 2020 would be a lifeline for a wide range of American small businesses fighting for their survival over the coming months.
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March 19, 2020
Shaheen, Hassan Introduce Bill to Help Manufacturing Extension Partnership Centers during Coronavirus Public Health Emergency
WASHINGTON - Yesterday, U.S. Senators Jeanne Shaheen (D-NH) and Maggie Hassan (D-NH) introduced with their colleagues the MEP Crisis Response Act of 2020, which would help Manufacturing Extension Partnership (MEP) centers stay open during the COVID-19 crisis and beyond.
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