Gusto, a leading provider of payroll, benefits, and HR services to more than 300,000 small and medium sized businesses nationwide, wrote in strong support of the Small Business Technological Advancement Act (S. 2330). This legislation would help ensure small businesses have the resources they need to not only compete in the modern economy, but to grow and thrive.
The Small Business Technological Advancement Act resolves a technical issue by making it clear that investments in digital tools are allowable under the Small Business Administration’s 7(a) program through a simple definition change to the Agency’s standard operating procedure.
Barriers for underserved entrepreneurs still exist, and policymakers need to do more to ensure all small businesses have access to the resources needed for the opportunity to start and grow a business. The Small Business Technological Advancement Act can help with that goal, and Gusto urges Congress to adopt this important measure.
