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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. 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 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).
November 27, 2018 Weekly Columns

Over the weekend, communities across the country had the opportunity to participate in Small Business Saturday. While this annual shop local event encourages Americans to get out and show support for small businesses in their neighborhoods, it also serves as a reminder that a thriving economy is driven by our Main Street job creators.

January 1, 2018 Weekly Columns
When the year 2017 began, Congress opened the new Congressional Session with the Trump Administration to “Make America Great Again.” As the year comes to a close, Congress and the Trump Administration can be proud of what they have accomplished together. Under its first year with President Trump, Congress has accomplished many of its legislative goals, and the President has fulfilled a number of his campaign promises. Although there is much work to be done in the coming year, we can reflect on this year’s legislative accomplishments with a sense of success.
September 13, 2016 Press Release

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.

April 29, 2005 Press Release
Washington, D.C. – Congressman Cole voted this week for a resolution expressing the sense of the House that American small businesses are entitled to a Small Business Bill of Rights. H. Res. 22 passed overwhelmingly in the House.
September 23, 2004 Press Release
Washington, D.C. – Congressman Tom Cole voted today for a comprehensive tax relief package that will ease tax obligations on America's families and businesses.