“Small business is the foundation of the American economy, employing nearly 60 percent of workers today. Congress has a responsibility to remove existing impediments to job creation and create policies that encourage small businesses to grow. What’s good for small businesses is good for America,” Price said in a statement. “The National Federation of Independent Business does the important work of representing America’s job creators during a time when they face an uncertain future, and I am grateful for this recognition. House Republicans will continue our efforts to empower small businesses to do what they do best: grow our economy and create jobs.”
The federation is a nonprofit, nonpartisan organization established in 1943 to “promote and protect the right of [its] members to own, operate and grow their businesses.” It has a membership of 350,000, with its average member employing 10 workers and reporting gross sales of about $500,000 annually.