Main Street Drives a Thriving Economy
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.
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 the most recent state findings from the Small Business Administration, Oklahoma has approximately 347,165 small businesses employing an estimated 712,797 people.
It is amazing to see the real difference a year of improved policy can make for our Main Street job creators. Without question, Congress should continue to lift the regulatory and tax burdens that hinder the success of America’s small businesses. But thanks to tax reform, I am pleased to report that the environment has been greatly improved on Main Street.
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