A Shot in the Arm for Oregon's Economy (Classic Reprint)
The subcommittee met, pursuant to notice, at 9:40 a.m., at Northwest Natural Gas Co., 220 Northwest Second, Portland, OR, Hon. Ron Wyden (chairman of the subcommittee) presiding.
Chairman Wyden. The subcommittee will come to order.
Today, the Small Business Subcommittee on Regulation is especially pleased to be able to join with our new member of the Oregon congressional delegation, Congresswoman Furse.
I would like to take special note and take special pride in the fact that this is the first formal hearing that Congresswoman Furse has attended, and it gives me special pleasure to be able to welcome her.
I think that the members of the Oregon congressional delegation, in particular those who are going to be faced with the challenge of creating jobs, are especially fortunate to have Congresswoman Furse as our first member on the Banking Committee for some time.
I will have a short opening statement, and Congresswoman Furse will have one, as well, but if champagne glasses were allowed at Small Business hearings, we would certainly be tinkling them now, because we are especially pleased to be able to have Congresswoman Furse as part of our delegation. She is going to be in a very good position to address a lot of the issues that we are going to be bringing up today.
Today, the Small Business Subcommittee on Regulation is going to examine new strategies for making available more credit and capital to Oregon's small business.
Recent evidence shows signs of a national economic rebound, but for Oregonians, the real key is to produce new jobs that pay good wages.
Too often, we have seen in the past that large companies have grown by streamlining their operations and actually reducing their workers.
For small business, we have seen just the opposite. Growth there does translate into more jobs.
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