Issue Position: Small and Minority Business

Issue Position

Firms with under 500 employees represent 99.7% of all employer firms and employ just over half of all private sector employees. Small businesses pay 44% of total U.S. private payroll and have generated 64% of net new jobs over the past 15 years. They are vital to returning strength to the economy and developing our communities. That is why I support the Virginia Jobs Investment Program (VJIP). This initiative offers three programs for new and existing businesses, in addition to a worker retraining program. Through my efforts, and the work of my colleagues in the Virginia Legislative Black Caucus, the Commonwealth of Virginia completed a Procurement Disparity Study detailing the impact of Virginia's support of small minority businesses and what can be done to improve the health of minority businesses. As your Delegate, I will continue to champion the cause of small business development.


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