Espaillat Applauds House Passage of His Bill to Codify, Reauthorize and Fund Growth Accelerator Fund Competition

October 23, 2019
Press Release

WASHINGTON, DCRepresentative Adriano Espaillat (NY-13) released the following statement on House passage of his bill, H.R. 4387, which passed unanimously by voice vote yesterday and would codify, reauthorize and fund the growth accelerator fund competition for four years.

 

The Small Business Growth Accelerator Fund Competition has been one of the most productive partnerships that small businesses and the Small Business Administration have engaged in,” said Rep. Adriano Espaillat (NY-13). “Since this program began in 2014, the Growth Accelerator Fund Competition has helped small businesses and entrepreneurs in almost 40 states. From just the first 50 awardees alone, this partnership has blossomed into 1,500 companies nationwide and fortified the pipeline of talented entrepreneurs – especially women and minorities – to grow and succeed.

 

“I am grateful for the leadership of Chairwoman Velázquez and Ranking Member Chabot and the opportunity to work with my colleague Congressman Balderson of Ohio to ensure that this program and the lasting partnerships that form continue with the bipartisan support it deserves.”

 

Watch video of Rep. Espaillat speak about his bill on the House floor. Click here to read H.R. 4387, “To establish Growth Accelerator Fund Competition within the Small Business Administration, and for other purposes” in the bill’s entirety.

 

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First elected to Congress in 2016, Rep. Adriano Espaillat is serving his second term in Congress where he serves as a member of the influential U.S. House Foreign Affairs Committee, the House Committee on Transportation and Infrastructure, and the House Small Business Committee.  He serves as a Senior Whip of the House Democratic Caucus and is a member of the Congressional Hispanic Caucus (CHC) where he also serves in a leadership role as CHC Whip. He is also chairman of the CHC Task Force for Transportation, Infrastructure and Housing. Rep. Espaillat’s Congressional District includes Harlem, East Harlem, northern Manhattan and the north-west Bronx.  To find out more about Rep. Espaillat, visit online at https://espaillat.house.gov/.

 

Media inquiries: Candace Randle Person at Candace.Person@mail.house.gov

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