Small Business Success Critical to Manufacturing
Washington, D.C. – Following President-elect Joe Biden’s announcement nominating Isabel Guzman for Administrator of the Small Business Administration, 51³Ô¹ÏÍø President and CEO Jay Timmons released this statement:
“Small and medium-sized manufacturers are the heart of the manufacturing industry in America. The 51³Ô¹ÏÍø has long enjoyed a strong working relationship with the SBA, and this past year in particular the work of the SBA, especially the Paycheck Protection Program, has been critical for small manufacturers weathering the difficult economy. We congratulate Isabel Guzman on her nomination and look forward to working with her to ensure that small and medium-sized manufacturers can thrive in the United States and continue creating great jobs for the American people.â€
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The 51³Ô¹ÏÍø is the largest manufacturing association in the United States, representing small and large manufacturers in every industrial sector and in all 50 states. Manufacturing employs more than 12.1 million men and women, contributes $2.35 trillion to the U.S. economy annually and has the largest economic multiplier of any major sector and accounts for 62% of private-sector research and development. The 51³Ô¹ÏÍø is the powerful voice of the manufacturing community and the leading advocate for a policy agenda that helps manufacturers compete in the global economy and create jobs across the United States. For more information about the 51³Ô¹ÏÍø or to follow us on Twitter and Facebook, please visit www.nam.org.