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Small Business

When I travel across the Fourth District of Oklahoma, I am always inspired by the entrepreneurial spirit and can-do attitude of our own small businesses. Whether as an employee or owner, Americans depend greatly on small business success. Currently, there are more than 30 million small businesses in the United States, and an estimated two out of three new jobs in the economy are created by small businesses. In fact, more than half of Oklahoma’s workforce either owns or works for a small business.

According to recent state findings from the U.S. Small Business Administration, Oklahoma has approximately 350,718 small businesses employing an estimated 712,582 people. These businesses drive our economy and provide the opportunity for thousands of Oklahomans to achieve the American dream.

Small businesses are truly the backbone of our economy, and our future success depends on their continued success. As the economy continues to thrive and consumer spending keeps rising, we should continue to champion America’s entrepreneurs. 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.

As a founding partner and partial owner of a small business, I will guard the right of every American to found and manage their own business. Entrepreneurs create opportunities not only for themselves but for other Americans as well. Their vision and hard work give other Americans the jobs and opportunities they need to succeed.

More on Small Business

April 24, 2020 Press Release
Washington, D.C. – Congressman Tom Cole (OK-04) and Congresswoman Deb Haaland (NM-01), co-chairs of the Congressional Native American Caucus, applauded the Small Business Administration’s announcement that all tribal entities are eligible for the Paycheck Protection Program.
April 23, 2020 Press Release
Washington, D.C. – Congressman Tom Cole (OK-04) released the following statement after the U.S. House of Representatives passed the Senate Amendment to H.R. 266, the Paycheck Protection Program and Health Care Enhancement Act.
April 20, 2020 Weekly Columns

Due to its massive scale and severity, the COVID-19 pandemic is a natural disaster unlike any other our nation has encountered in modern history. While the unprecedented disruptions have been felt across the whole of society, small businesses have undoubtedly taken some of the hardest, fastest and most damaging economic hits. In doing their part to heed social distancing guidance and help slow the spread of this coronavirus, many businesses on Main Street have been forced to rethink their daily operations or close their doors completely, jeopardizing millions of American jobs.

April 17, 2020 Press Release
Norman, OK – Congressman Tom Cole (OK-04) released the following statement after funding was depleted this week for the Paycheck Protection Program.
April 14, 2020 Press Release
Moore, OK – Congressman Tom Cole (OK-04) announced today that he will host a constituent telephone town hall on the nation’s response to the COVID-19 pandemic. During Thursday’s telephone meeting, Cole will provide updates on the steps taken by the federal government, with a focus on the support delivered to small businesses.
April 7, 2020 Press Release
Norman, OK – Congressman Tom Cole (OK-04) released the following statement in response to proposed additional funding for the Paycheck Protection Program.
April 3, 2020 Press Release
Norman, OK – Congressman Tom Cole (OK-04) issued the following statement after the Small Business Administration (SBA) began accepting small business applications for the Paycheck Protection Program.
January 15, 2020 Press Release
Washington, D.C. – Congressman Tom Cole released the following statement after the U.S. Department of Labor (DOL) announced a final rule that replaces the misguided Obama-era policy related to the joint employer standard under the Fair Labor Standards Act.
December 2, 2019 Weekly Columns

For many Americans, the days following Thanksgiving are filled with starting or finishing up Christmas gift and holiday shopping. Whether purchasing at brick and mortar stores or online, the holiday rush highlights the numerous places we can look for the perfect gifts and holiday items. Over the weekend, we were rightly reminded to shop small and shop local during this holiday season. But while Small Business Saturday prompts us to support our friends and neighbors who operate mom-and-pop retailers and restaurants, it should encourage us to regularly stop by as patrons. 

March 28, 2019 Press Release
Washington, D.C. – Congressman Tom Cole (OK-04) cosponsored legislation to break cycles of poverty in Indian Country through smart economic development. The legislation was introduced by Native American Caucus Co-Chair Congresswoman Deb Haaland (D-NM) and has bipartisan support from Congressman Don Young (R-AK) and Congresswoman Norma Torres (D-CA).

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