Small Business Roundtable Reflects on Successful Entrepreneurship Exchange 2024 in Toronto, Canada

Small Business Roundtable hosted its third annual Entrepreneurship Exchange 2024 (EX 24) in Toronto, Canada on Wednesday, September 4 and Thursday, September 5, 2024. This year’s event featured a welcome dinner; a half-day event consisting of panels, fireside chats, and keynote addresses; a roundtable with North America policy experts; and a closing reception with a focus on three main themes:


  • Navigating the New Normal: The Shifting Political and Economic Landscape and Their Implications for Business in North America;
  • The Innovation Trifecta: Where AI, E-Commerce, and Policy Collide for Small Business Growth in North America; and 
  • Securing Our Future: What’s Happening in North American Energy and How Policy Can Help

EX 24 kicked off with a North America partners welcome dinner on Wednesday, September 4th that featured remarks from the U.S. Consul General in Toronto Baxter Hunt. The dinner was attended by EX 24 partners, including U.S., Canadian, and Mexican business organizations, companies, government officials, and thought leaders, and provided an opportunity to discuss key policy issues impacting North America as a whole.


On Thursday, September 5th, EX 24 began with a half-day invitation-only forum that featured keynote addresses, panel discussions and fireside chats. Topics included the evolving economic and political landscape of North America, opportunities and challenges in entrepreneurship, creating inclusive trade in North America, digital trade and e-commerce’s impact on the North American economy and the revitalization of supply chains in North America utilizing small businesses. Speakers included:
  • Anita Anand, President of the Treasury Board, Government of Canada, Member of Parliament
  • Michael Negron, Special Assistant To The President for Economic Policy, The White House
  • Porfirio Thierry Muñoz-Ledo Chevannier, Consul General of Mexico in Toronto 
  • Arun Venkataraman, Assistant Secretary of Commerce for Global Markets and Director General of the U.S. and Foreign Commercial Service, U.S. Department of Commerce
  • Francesco Sorbara, Member of Parliament for Vaughan-Woodbridge, Vice Chair, Canada-United States Inter-Parliamentary Group
  • Sean Moore, Staff Director, U.S. Senate Committee on Small Business and Entrepreneurship
  • Joanne Pitkin, Senior Manager, Public Policy, Amazon
  • Michele Schimpp, National Ombudsman and Assistant Administrator of Regulatory Enforcement Fairness, U.S. Small Business Administration
  • Karim Bardeesy, Executive Director, The Dais
  • Todd McCracken, President & CEO, National Small Business Association
  • Ramiro A. Cavazos, President & CEO, U.S. Hispanic Chamber of Commerce
  • Jen Earle, CEO, National Association of Women Business Owners
  • Karen Kerrigan, President & CEO, Small Business & Entrepreneurship Council
  • Corinne Goble, CEO, Association of Women’s Business Centers
  • Bill Kitay, Executive Director, AmCham Canada
  • Diego Marroquin, Scholar for North America, Canada-Mexico Institute, Wilson Center
  • Nancy Wilson, Founder & CEO, Canadian Women’s Chamber of Commerce 
  • John Stanford, Co-Executive Director, Small Business Roundtable
  • Rhett Buttle, Co-Executive Director, Small Business Roundtable


Key insights included:


  • North America stands as a powerhouse in the global economy regardless of election outcomes.  Its vast geographical area, diverse industries, and highly skilled workforce contribute significantly to global GDP. Amid federal elections in the U.S., Canada, and Mexico, regional cooperation and trade facilitated by agreements like USMCA will continue to be essential to fostering economic growth.


  • Small and medium-sized enterprises (SMEs) are the backbone of the North American economy. SMEs account for $7 trillion in GDP, approximately 50 percent of the workforce, and 40 million small business owners. Supporting SMEs is essential to maintaining a vibrant North American economy.


  • The United States-Mexico-Canada Agreement (USMCA) has created new opportunities for SMEs in North America. By eliminating or reducing tariffs on goods traded between the three countries, the USMCA has lowered barriers to entry for smaller businesses. However, successful implementation of the agreement requires SMEs to be aware of the opportunities and rules it presents. Addressing trade disputes and ensuring compliance and fair competition are crucial to maximizing the benefits of the USMCA.


  • The digital age has transformed the way businesses operate, and SMEs are no exception. Embracing digital tools and e-commerce platforms can help small businesses expand their market reach, improve efficiency, enhance customer engagement, and reduce inequalities. Policymakers and the private sector should provide additional resources and training programs for SMEs to digitize.


  • There is an urgent need for businesses to adopt sustainable practices, which can also serve as a market differentiator in an increasingly eco-conscious consumer landscape. By adopting sustainable practices, SMEs can reduce their environmental footprint, improve their brand reputation, and attract eco-conscious customers. Moreover, sustainability initiatives can often lead to cost savings and increased efficiency.


  • Supporting women and diverse-owned businesses through education, resources, and networking is essential for fostering inclusivity in trade and economic development. By providing women and diverse entrepreneurs with education, resources, and networking opportunities, we can help them overcome barriers and achieve their full potential. Empowering women and diverse entrepreneurs not only strengthens the economy but also contributes to social progress and equality.


  • Reshoring supply chains is key to North America’s success and sustainability. The COVID-19 pandemic exposed the importance of resilient supply chains. To mitigate risks associated with geopolitical tensions, disruptions, and other unforeseen events, North American countries are increasingly turning to nearshoring and diversification.

EX24 also featured a dynamic roundtable discussion with policy experts from across North America, including Member of Parliament Nathaniel Erskine-Smith. Participants exchanged insights on critical issues facing small and medium-sized enterprises (SMEs), hoping to find common ground in cross-border policy approaches. 


Key insights from the roundtable included:
  • Startups are a driving force behind economic innovation and long-term growth. Unfortunately they have seen a steady decline in activity over the past four decades. The gap in support mechanisms for these early-stage companies hinders their ability to scale and contribute fully to economic development. Addressing this requires the implementation of targeted policies that focus on bolstering resources, visibility, and access to opportunities for startups.


  • Strengthening collaboration between the U.S., Canada, and Mexico is increasingly critical for the success of SMEs in North America. Harmonizing regulatory frameworks across borders will facilitate smoother operations and reduce barriers for small businesses operating in multiple countries. In addition, improving the mobility of skilled labor across borders is essential to addressing talent shortages and fostering innovation. 


  • Access to capital remains a significant challenge for SMEs, particularly for those led by marginalized and underrepresented entrepreneurs. Historical barriers, such as limited credit access and financial inertia, continue to make it difficult for small businesses to secure the funding they need to grow. Engaging with industrial policy is crucial to ensure that long-term investments are directed toward inclusive and equitable growth. There is also a need for industrial policies that actively promote SME participation in new market opportunities, ensuring that these businesses are not left behind in broader economic initiatives.


EX 24 concluded with a walking tour of Toronto’s historic Distillery District and a reception where attendees had the opportunity to exchange ideas, share best practices, and build lasting relationships with their fellow attendees.


Small Business Roundtable would like to thank EX 24’s sponsors, North America partners, and speakers for participating in EX 24 and looks forward to working together in the future to continue creating strong policies that ensure the economic vibrancy of North America.


Small Business Roundtable is proud to announce that we will bring Entrepreneurship Exchange 2025 to Mexico City next year and continue these impactful discussions and collaborations as we prepare for the renegotiation of the U.S., Mexico, Canada Agreement (USMCA), new political leadership in all three countries, the G7 in Canada, and the celebration of the FIFA World Cup across North America. Stay tuned for more information on this and other Small Business Roundtable events.

Main Street to Marketplace: How Small Businesses Are Selling Online

February 19, 2025
Pivotal Role of Online Selling Highlighted in Small Business Roundtable Report

New Survey Data Highlights What Every Shopper Knows: E-Commerce Playing Bigger Role, Especially for Small Businesses

January 6, 2025
A recent TechNet-Ipsos survey looked at the role e-commerce marketplaces (think Amazon, Walmart online, Etsy, etc.) play in the small business economy. In short: these marketplaces are becoming more and more meaningful for engaging customers, in a large part by addressing competitive disadvantages small business owners face. From expanding customer reach to reducing operational costs, the survey underscores how these platforms are empowering small retailers to thrive in a competitive and evolving digital economy. As small businesses increasingly adopt multi-channel strategies, e-commerce has emerged as a cornerstone of their success. Survey Highlights: The Digital Advantage For many small businesses, finding and connecting with customers is a constant uphill battle. Traditional methods, such as relying on foot traffic or expensive advertising campaigns, often fall short. Yet, 92% of respondents noted that e-commerce marketplaces make it significantly easier to reach potential customers, while 88% emphasized the ability to expand into international markets. These platforms effectively eliminate geographic constraints, allowing small businesses to tap into global audiences without requiring hefty marketing budgets. Running a small business also requires significant effort towards the management of financial demands, which E-commerce marketplaces tend to ease the burden of. According to the survey, 85% of small business owners reported that operating on the listed E-commerce platforms helped reduce overall expenses. Additionally, 82% highlighted the transparency of costs on e-commerce platforms compared to traditional sales channels. This clarity gives business owners the confidence to plan, invest, and grow without uncertainty and hidden fees eating into their margins. Perhaps most importantly, e-commerce platforms give small businesses the tools needed to stay creative and adaptable. From analytics that uncover customer trends to AI-powered systems that streamline daily tasks, these marketplaces are more than just places to sell—they're partners in helping businesses grow and thrive. It’s no surprise that 90% of small business owners highlighted the value of these tools in launching new products and running effective ad campaigns. Small businesses are thriving thanks to e-commerce marketplaces, which open doors to wider audiences and provide powerful resources for scaling and success. According to the TechNet-Ipsos survey, platforms like Amazon, eBay, and Etsy are leading the charge, helping small retailers unlock new opportunities. By addressing key barriers for small businesses, e-commerce marketplaces are leveling the playing field for those hoping to navigate an ever-changing retail landscape. E-Commerce and Brick-and-Mortar: A Symbiotic Relationship You CAN have both. Contrary to the narrative that e-commerce threatens traditional retail, the survey reveals a mutually beneficial relationship. Nearly 80% of respondents said their success in e-commerce has created opportunities to feature their products in physical stores. Additionally, small businesses with both e-commerce and in-store presence often see complementary growth. Customers who discover products online may visit physical stores to make purchases (looking at you, last-minute holiday shoppers), while in-store shoppers who can’t find exactly what they need often turn to the retailer’s e-commerce site to complete their transaction, allowing digital and physical retail to reinforce each other. Conclusion: E-Commerce as a Growth Engine for Small Businesses E-commerce marketplaces have proven to be indispensable for small businesses, offering cost-effective solutions to grow, streamline operations, and connect with customers. These platforms are far more than sales channels—they are engines of growth and innovation fueling the Main Street stores we know and love. For policymakers and stakeholders, it is key to recognize the synergy that exists between E-commerce and small business. Efforts to regulate or constrain leading e-commerce platforms could inadvertently harm the small business community, restricting innovation, alongside access to the tools that empower small retailers to remain competitive and thrive. E-commerce is not just a lifeline—it is the foundation for the future of small business success.

SBR Submits Comments on SBA’s Proposed Rule Reforming Criminal Record Eligibility Requirements for Loan Programs

November 20, 2023
Last week, the Small Business Roundtable (SBR) joined with a number of its members in submitting comments in support of the Small Business Administration’s (SBA) proposed rule breaking down barriers for entrepreneurs with prior justice involvement. You can read the full comment here . Under current regulations, individuals seeking access to various SBA loan programs may be deemed ineligible for loans if they are on parole, on probation, or otherwise have a criminal history record. Research has shown there is little to no correlation between a qualified borrower’s criminal record and their ability to repay borrowed funds. Additionally, the SBA has found that preventing justice-impacted individuals from accessing loan programs could increase the rate of recidivism among returning citizens while denying them an important channel to economic stability. While the proposed rule represents a critical step towards expanding access to capital for entrepreneurs with prior justice involvement, SBR will work with the Administration and Congress to address more opportunities to ensure participating lenders follow the SBA’s lead.

SBR Small Business Expo Brings Online Sellers to Washington to Highlight Their Importance before the Holidays

November 13, 2023

A Hands-On Look at (Some) Modern Entrepreneurs

By John Stanford • September 26, 2023
Throughout the pandemic, Small Business Roundtable (SBR) chronicled the need for small business owners to take their business online. In fact, embracing e-commerce was one of the many ways entrepreneurs survived one of the most challenging business environments in decades. From iconic restaurants utilizing delivery services to retailers offering goods on overnight-made websites or online marketplaces, small businesses leaned into online sales and digital tools to survive, and in many cases, flourish. Since the country has re-opened, I’ve been fortunate to reconnect with small business owners around the nation and hear their journeys. For many, leveraging technology has been a common response to “what’s different” about your company now. Small businesses are increasingly embracing the role of e-commerce, which is contributing to strong economic growth in this sector during the first years of the Biden Administration. In fact, the Biden Administration just recently announced more than 10 million new business starts – many of which rely on e-commerce to gain customers or digital tools to run their business. The breaking of the digital divide is finally paying the entrepreneurship dividends many of us hoped for. Earlier this month, I had the opportunity to explore one of the largest e-commerce platforms when I was in Seattle for the Amazon Accelerate 2023 conference. During the conference I prioritized spending time with some of the sellers attending the conference. Small business owners’ stories are one of the great benefits of my job, and these stories did not disappoint. There was the wreath maker, the lice-fighter, and of course, a celebrity seller (whose own story on the need for accessible products for diverse communities resonated with the audience)! Their stories had a common theme: selling online has transformed their lives. It put their product in front of an unimaginable number of customers. It’s not easy, and it isn’t overnight, but with the right combination of customer engagement and reputation management, they succeed. And for some, the success has been transformative – the very wealth creation we all work toward as small business advocates. Speaking of other advocates, I was joined by other national organization leaders and we were fortunate to get a behind-the-scenes look at the fulfillment centers that enable Amazon’s almost unthinkable delivery capabilities. What stood out the most? The sheer audacity of promising fast delivery up closer and personal. This facility houses some 21 million products, 3 million of which would move out every week. I hope to do another write up in detail soon. The conference itself – which hosted some 3,000 business owners and employees -- centered on new products designed to help sellers. Of particular interest was learning that Amazon is heavily dependent on the success of its small businesses: more than 60% of sales come from independent sellers, most of which are small or medium sized businesses. Most of the changes centered around expanding logistics capabilities available to sellers. The Fulfillment by Amazon (“FBA” to the locals) will soon be complemented by Supply Chain by Amazon (“SCBA?”) which offers an end-to-end solution. It was clear that to keep sellers engaged on this marketplace – which isn’t the only one – one theme came through—these tools encourage small businesses to focus on their core competencies like innovating for consumers, building their brands, and developing a strong customer base. I was surprised, however, to learn that many of these benefits were being offered even to those selling off Amazon. These “omnichannel” solutions – meaning they can be leveraged for direct sales or in other marketplaces including brick and mortar stores like Walmart – are a response to interest in sellers using Amazon’s logistics to enable all their business across multiple sales channels. Over the past decade, I have heard almost every imaginable barrier or obstacle facing small business owners. Most want to focus on innovating, creating and selling. It seems they have found a match in a surprising place: one of America’s largest companies, Amazon. I look forward to continuing to hear how the sellers I met continue to face challenges and competition. What is clear, though, is the fast-forwarded adoption of e-commerce is now integral to a growing part of the small business community. John Stanford is the Co-Executive Director of Small Business Roundtable.

Small Business Roundtable at 2023 Accelerate Conference

By John Stanford • September 19, 2023

Implications for the 118th Congress and How Small Business Owners Can Make Their Voices Heard

By Elliott Long • January 6, 2023
Now that the midterm elections are over and the 118th Congress is set to begin, it is worth considering the implications for small business and how entrepreneurs can engage. Democrats achieved a true Senate majority with key victories in the Georgia Senate runoff for incumbent Raphael Warnock. Meanwhile, Republicans took the majority by a razor thin four seats in the House. With a split Congress, partisan legislation will face challenges in the months ahead. House Republicans have already signaled an increase in Congressional oversight and investigations. While Senate Democrats will continue to work on passing legislation like they did in the 117th Congress, they will face challenges in passing legislation through a Republican-controlled House. Senate Democrats will also prioritize confirming Administration and judicial nominees with a 51-seat majority now. While partisan legislation will face an uphill battle to advance over the next two years, small business priorities could be a unique area for bipartisanship in the 118th Congress. Both Democrats and Republicans have expressed broad interest in regulating technology platforms. Others include alleviating worker shortages through training programs, expanding access to government contracting for underserved small businesses, mitigating the impact of inflation, and helping small businesses go digital. Below are five ways small business owners can make their voices heard on these and other issues important to them in the 118th Congress. Get in touch with your representatives. You can engage your representatives through an in-person meeting, phone call, snail mail or e-mail. Visit www.senate.gov/senators/ and https://www.house.gov/representatives/find-your-representative to find out who represents you. 2. Participate in a Small Business Roundtable member’s conference or fly-in. Small Business Roundtable’s members frequently have conferences around the country and fly-ins to the nation's capital to bring entrepreneurs together and make their voices heard. These events are a great way to amplify small businesses’ power and affect change. 3. Attend an in-person or virtual event. Small Business Roundtable and its members regularly host in-person and virtual events on pertinent topics. Be sure to subscribe to their newsletters and keep an eye out for these events on their websites. 4. Write an op-ed or letter to the editor. Op-eds and letters to the editor are another way to make your voice heard. Check out your local media outlets to learn how to submit one of these on the issues you care about. 5. Leverage social media in your engagement. Social media is a quick, low-resource way to engage your representatives. Be sure to think about which platforms make the most sense for your engagement and post regularly to enhance your impact.

America’s Largest Coalition of National Small Business Organizations, Small Business Roundtable, Releases Statement in Response to Senate Passage of SBIR/STTR Reauthorization

By Ashlyn Roberts • September 22, 2022
IMMEDIATE RELEASE CONTACT 9/21/2022 Ashlyn Roberts ashlyn@smallbusinessroundtable.org Washington, D.C. - The SBIR & STTR Reauthorization Act of 2022 , which reauthorizes the federal Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs, unanimously passed the U.S. Senate by unanimous vote on September 21, 2022. If passed in the House of Representatives, who is expected to take up the Senate’s bill on September 28, 2022, the legislation will fund these programs for an additional three years. View the full Senate bill text here and a section by section of its components here . Rhett Buttle & John Stanford, Co-Executive Directors of Small Business Roundtable Issued the Following Statement: “On behalf of Small Business Roundtable (SBR), we applaud the U.S. Senate for the recent reauthorization of Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Programs and thank Senators Ben Cardin and Joni Ernst for their leadership. Timely reauthorization of these programs is a victory for all American small businesses across the nation - these programs encourage engagement with the Federal government, boost research and development, and incentivize early stage efforts towards commercialization. The SBIR and STTR programs uphold investment that many small businesses depend on and this reauthorization enables sustained innovation in technology development for another three years. Over the past 40 years, the programs have provided nearly 200,000 awards totaling more than $63.8 billion to U.S. small businesses. These programs have already changed lives, catalyzed local economies, and optimized industries. Reauthorization, paired with the enhanced technology safeguards, promises to build on the previous success of this program and create new opportunities for even greater American innovation for years to come. We are pleased with the Senate’s swift efforts and call for passage in the House of Representatives.” ### The Small Business Roundtable ( http://www.smallbusinessroundtable.org/ ) is a coalition of leading small business and entrepreneurship organizations, dedicated to advancing policy, securing access, and promoting inclusion to benefit the businesses at the heart of the American economy.

Leading US Coalition of Entrepreneurship Organizations Congratulates Liz Truss on Becoming the UK’s 56th Prime Minister

By Ashlyn Roberts • September 16, 2022
FOR IMMEDIATE RELEASE 9/7/2022 CONTACT Ashlyn Roberts, ashlyn@smallbusinessroundtable.org WASHINGTON, D.C. - The Small Business Roundtable ( SBR ) , the leading coalition of entrepreneurship organizations in the United States, congratulates Liz Truss on becoming the United Kingdom’s 56th Prime Minister. The organization welcomes the opportunity to work with the UK government to advance small business priorities to benefit those entrepreneurs at the heart of the British and American economies. “We look forward to engaging with Prime Minister Truss and the UK government to benefit entrepreneurship around the globe. In so many policy areas, the United States and the United Kingdom can learn from one anothers – prioritizing an agenda that will foster wealth creation for all citizens through dynamic entrepreneurial growth. As we have with other key trading partners, SBR will work to highlight opportunities for improved bilateral relations while continuing to grow our more than $200 billion exchange of goods and services,” said John Stanford and Rhett Buttle, co-founders of SBR. The start of the Truss government coincides with SBR’s selection of London to host the 2023 Entrepreneurship Exchange (“EX23”), which convenes leading stakeholders from the global small business community for a day of dialogue and sharing of best practices. Learn more about Small Business Roundtable . ### The Small Business Roundtable ( SBR ) is a coalition of leading small business and entrepreneurship organizations, dedicated to advancing policy, securing access, and promoting inclusion to benefit the businesses at the heart of the American economy.

Small Business Roundtable Leadership Joins Commerce Sec. Raimondo & Labor Sec. Walsh to Discuss Economy, Jobs, & Launch of Job Quality Toolkit

August 5, 2022
For Immediate Release Friday, August 5, 2022 Contact: Elliott Long, elliott@smallbusinessroundtable.org Small Business Roundtable Leadership Joins Commerce Sec. Raimondo & Labor Sec. Walsh to Discuss Economy, Jobs, & Launch of Job Quality Toolkit Click here to view and download the Job Quality Toolkit WASHINGTON, D.C. – On August 4th, Small Business Roundtable ( SBR ) Co-Executive Director and Founder of Public Private Strategies Rhett Buttle joined Commerce Secretary Gina Raimondo and Labor Secretary Marty Walsh for a discussion of the current state of the American economy and the launch of the Job Quality Toolkit. Following the event, SBR Co-Executive Director & Founder of Public Private Strategies Rhett Buttle issued the following statement regarding the release of the Department of Commerce Job Quality Toolkit : “As we continue to recover from the pandemic, small businesses are at the forefront of creating good jobs. Creating good jobs is key for small employers to retain talent under the current tight conditions of the labor market and maximize the growth of their business. This Job Quality Toolkit is a step forward for small employers who want to be the best workplace they can be. SBR looks forward to working with Secretaries Raimondo and Walsh to use our combined tools to help small businesses continue to grow and create good jobs in their communities.” ###
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