IV 

117TH CONGRESS 

1ST SESSION H. CON. RES. 47 

Supporting the designation of August 18, 2021, as ‘‘Congressional Startup 

Day’’. 

IN THE HOUSE OF REPRESENTATIVES 

AUGUST 17, 2021 

Mr. PHILLIPS (for himself and Mrs. KIM of California) submitted the following concurrent resolution; which was referred to the Committee on 

Energy and Commerce 

CONCURRENT RESOLUTION 

Supporting the designation of August 18, 2021, as 

‘‘Congressional Startup Day’’. 

Whereas the term ‘‘startup’’ generally refers to an innovative, 

technology-enabled, and growth-oriented company founded by one or more entrepreneurs to develop a unique 

product or service and bring it to market; 

Whereas startups, particularly early stage companies, contribute to a sizable portion of the American workforce 

and are the driving force behind most new job creation 

in the United States; 

Whereas, from 2010 to 2018, startups accounted for approximately 30 percent of employment gains in the United 

States each year; 


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•HCON 47 IH 

Whereas startups that are less than a year old created approximately three million jobs in 2019; 

Whereas startups and small businesses employ 60 million 

people across the United States, nearly half of the American workforce; 

Whereas startups are driving economic growth and job creation all over the United States, as almost half of all new 

startups are established outside of the 35 largest metropolitan areas in the country; 

Whereas startups across the country have been an integral 

part of the national response to the COVID–19 pandemic, but are in desperate need of support from Congress in order to further protect their entrepreneurs and 

their employees; 

Whereas startup companies have faced major layoffs in the 

wake of the pandemic; 

Whereas startups and small businesses have had their access 

to capital from investors significantly reduced due to the 

pandemic; 

Whereas the designation of August 18, 2021, as ‘‘Congressional Startup Day’’ recognizes the commitment of this 

Congress to promoting diversity and inclusiveness within 

the entrepreneurial community, including startups founded by women and entrepreneurs of color; 

Whereas entrepreneurs from underrepresented communities 

are less likely to receive bank loans and other forms of 

investment and deserve equal opportunity and support; 

and 

Whereas at the time of launching their venture, only 25 percent of Black and Latino entrepreneurs have another 

business owner in their network, and growing their venVerDate Sep 11 2014 23:37 Aug 17, 2021 Jkt 019200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6300 E:\BILLS\HC47.IH HC47

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•HCON 47 IH 

tures is often contingent upon support from the entrepreneurial community as well as our country: Now, therefore, be it 

1 Resolved by the House of Representatives (the Senate 

2 concurring), That Congress— 

3 (1) recognizes the importance of startups to the 

4 American economy; 

5 (2) supports the goal of assisting startups in 

6 weathering the economic downturn caused by the 

7 COVID–19 pandemic; and 

8 (3) commits to promoting equal economic op9 portunity for underrepresented entrepreneurs of all 

10 backgrounds, including entrepreneurs who are 

11 Black, Latino, Native American, Asian American 

12 and Pacific Islanders, and women. 

Æ 


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