May 4, 2007 -- Small businesses make up more than 70 percent of the renewable fuel industry and are driving economic growth in many parts of rural America, industry experts told a congressional hearing this week.

The hearing, held by the House Small Business Committee to examine the role of small business in the emerging biofuel market, heard from a cross section of officials in the renewable fuels industry who stressed the need to assist smaller firms with technological innovation, research, and development.

They also called on Congress to ensure entrepreneurs have the tools they need to remain competitive as the renewable fuels industry matures and expands.

This week's hearing was the first in a series that will address small business participation in the energy industry.

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Published on: May 4, 2007