Washington, D.C. – During the past fiscal year, the Office of Advocacy’s Office of Economic Research (OER) took an in-depth look at the state of the economy and how small businesses were faring in the capital markets. The office produced 25 research reports, including new periodic publications that focus specifically on small business lending and finance indicators. OER’s FY 2011 work is summarized in its annual report, released today.
“It was especially important in this challenging business climate for us to focus our research efforts on the state of the economy, small business job creation, and small business access to financing,” said Chief Counsel for Advocacy Winslow Sargeant. “Producing timely and actionable economic research that addresses small firms’ issues as well as their contributions to the economy is important to policymakers, researchers, and the entire small business community.”
Under Public Law 94-305, the Office of Advocacy examines the role of small business in the American economy and the contributions small businesses make to improve competition, expand employment opportunities, stimulate innovation and entrepreneurship, and bring new products and services to the marketplace.
In addition to published research studies, the Office of Economic Research provides access to small business data bases, which are available on its website at www.sba.gov/advocacy. OER sponsors conferences and symposia that bring together researchers and small business experts to focus on particular small business concerns. In FY 2011, OER sponsored conferences on high-impact entrepreneurship and the small business capital crunch.
The link to the full OER annual report is available at http://www.sba.gov/advocacy/7540.
The Office of Advocacy of the U.S. Small Business Administration (SBA) is an independent voice for small business within the federal government. The presidentially appointed and Senate confirmed Chief Counsel for Advocacy advances the views, concerns, and interests of small business before Congress, the White House, federal agencies, federal courts, and state policymakers. Regional advocates and an office in Washington, D.C., support the Chief Counsel’s efforts. For more information, visit http://www.sba.gov/advocacy, or call (202) 205-6533.