Our country’s ability to prosper depends heavily on Americans who work for and own small businesses. Unfortunately, as many Oklahomans know far too well, those working on Main Street are often met with excessive regulatory and tax barriers that choke innovation and discourage job creation. Too often, these regulations create a barrier to entrepreneurs from entering the marketplace in the first place. That not only shatters the American Dream for a would-be entrepreneur, it prevents the creation of jobs that would have lifted other hardworking Americans as well.
Whether as an employee or owner, Americans depend greatly on the success of small businesses. According to the United States Small Business Administration, an estimated seven out of 10 new jobs in the economy are created by small businesses. In 2010, the U.S. Department of Commerce recorded 332,998 small businesses in Oklahoma that employed 673,373 people.
Small businesses are truly the backbone of our economy, and our future success depends on their continued success. In order for small businesses to be established, create jobs and remain open, the environment must encourage and allow them to thrive. I remain committed to clearing red tape to help them succeed.
More on Small Business
WASHINGTON, D.C. — The International Franchise Association (IFA) named Representative Tom Cole (R-OK) as the 2016 Legislator of the Year during IFA’s Franchise Action Network Annual Meeting. The Legislator of the Year Award is given to lawmakers who consistently support a pro-franchising, pro-business agenda.