PROTECTING SMALL BUSINESS, PROMOTING ENTREPRENEURSHIP

Kerrigan in The Washington Times: Small Business Has Problems with Harassing Big Tech

By at 25 February, 2021, 1:46 pm

In a February 24 Washington Times Op-ed, SBE Council president & CEO Karen Kerrigan reviews the critical role technology companies and online platforms have played for small businesses during the COVID-19 economy, and how legislative efforts to impose intrusive regulation of the industry would undermine entrepreneurship, innovation, small business recovery and U.S. tech leadership.  Kerrigan writes:

For most small businesses that have managed to grind it out in the COVID-19 economy, technology platforms have been essential to survival and key to “pivoting” to new models that have kept revenues flowing. This positive private-sector dynamic needs to be encouraged by lawmakers and regulators at all levels of government. Instead, the opposite is occurring.

A lot of energy in Congress is being devoted to piling on “big tech” and ways to break up the online platforms that are keeping small businesses afloat and new entrepreneurs excited about launching successful enterprises. I am sure this scenario is exactly what our global competitors would love to see happen, outside of and including those that are already working to exact their pound of financial flesh from U.S. tech companies via taxes and/or regulatory action.

Kerrigan urges members of Congress to fully understand how platforms and the digital economy work before disrupting and permanently damaging an ecosystem that has served to enable and boost entrepreneurship and small business growth.

Read the full op-ed here.

 

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