U.S. Chamber of Commerce Supports Small Business Owners throuhh Media Tour

Small business owners are the backbone of the U.S. economy and the true powerhouses behind the nation’s economic success. Entrepreneurship is booming in the United States. In fact, 5.1 million U.S. business applications were filed in 2022.

These small businesses fuel the nation’s economy and drive growth. Our economy is an ecosystem where big businesses and small businesses are vendors, employees, partners, and customers to each other.

Prompt Pay Pledge: Ensuring Timely Payments for Small Businesses

The U.S. Chamber of Commerce helps to strengthen and support America’s small businesses especially during challenging and uncertain times. The Chamber’s new Prompt Pay Pledge asks companies to pay their small business suppliers and vendors quicker to ensure the nation’s economic success.

Companies who sign the Prompt Pay Pledge commit to quicker payment for invoices or enabling private financing solutions, and clearly communicating payment policies and terms to their small business suppliers or vendors. Several major U.S. companies including JP Morgan Chase, Intuit, Alpha Technologies, Accion Opportunity Fund, and Vistage partnered with the U.S. Chamber to launch the Pledge.

In Search of “America’s Top Small Business” of 2023

In recognition of small businesses nationwide, the U.S. Chamber recently announced it is looking for “America’s Top Small Business” of 2023. The awards program celebrates America’s small business owners who are making a meaningful contribution to the economy and job creation and embody the spirit of innovation, entrepreneurship, and initiative. Eligible small business owners can apply for the awards online at uschamber.com/co by July 7, 2023.

The U.S. Chamber’s Commitment to Small Business Support

How the U.S. Chamber Supports Small Business

The Prompt Pay Pledge and “America’s Top Small Business” is part of the U.S. Chamber’s longstanding commitment to supporting and advocating for small businesses. We work every day to give small businesses a big voice in Washington, connecting entrepreneurs and federal officials and advocating for policies that help them grow rather than holding them back. Our Small Business Council is made up of 100 small business owners from across the country that steer our work in fighting for policies that keep Main Street businesses thriving and regularly visit Capitol Hill.

Small Business Index: Insights Informing Advocacy Efforts

Since 2017, we have partnered with MetLife to survey small businesses on a quarterly basis for the Small Business Index, which provides valuable insights on current challenges and opportunities for small business that inform our advocacy in Congress. Through our small business platform CO—, which helps almost 20,000 businesses every day and had more than six million site visits last year alone, we are equipping small businesses with the tools and insights they need to ensure their own resilience in the face of any challenge.

Equipping Small Businesses for Resilience

Since 2017, we have partnered with MetLife to survey small businesses on a quarterly basis for the Small Business Index, which provides valuable insights into the challenges and opportunities faced by small businesses, informing the Chamber’s advocacy efforts in Congress. Additionally, the Chamber’s small business platform, CO—, assists nearly 20,000 businesses daily and received over six million site visits in the previous year alone. Through CO—, small businesses gain access to essential tools and insights that contribute to their resilience in the face of various challenges.

The U.S. Chamber of Commerce’s media tour has shed light on their ongoing commitment to empower and uplift small businesses. By fostering an environment conducive to growth and advocating for their needs, the Chamber continues to support the vital role small businesses play in driving the nation’s economy forward.