The House Committee on Small Business held a hearing on creating opportunities for small businesses in an economic recovery.
A group of entrepreneurs from manufacturing, housing, retail and agriculture testified that the current crisis is taking a toll, pushing many to the brink. They included Thomas Franke, executive vice president and chairman of Riemeier Lumber, a business that has been operating since 1925 and survived the Great Depression. However, the company now is forced to close its doors on November 6 due to inability to secure capital.
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