Administration Proposes Reduced Federal Funding for National SBDC Program
America’s SBDC Will Advocate in Congress to Promote Stable or Increased Funding
The proposed FY 2018 federal budget of the Trump administration proposes $110 million for the national SBDC program administered through the U.S. Small Business Administration. The House Financial Services appropriations subcommittee has proposed $120 million.
Representative Velazquez from New York has offered an amendment to increase that amount to $130 million. Under the congressional continuing resolution for fiscal year 2017, $117 million had been allocated to America’s SBDC, but, the 2017 Omnibus Act increased the funding level to $125 million.
The national organization – America’s SBDC – headquartered in Burke, Virginia will strongly advocate on Capitol Hill for a better budget allocation. The national program has major supporters in Congress who assist with funding support each year.
This is early in the budget process and it is expected that with the highly respected track record of the national SBDC network in creating and saving jobs and generating new businesses as well as growing established small businesses, the congressional budget process will yield better outcomes in terms of budgetary expectations.
“America’s SBDC will be working with our friends and supporters in Congress to ensure SBDC funding remains at current levels or better,” said Tee Rowe, president and chief executive officer of the national network, America’s SBDC. “In light of the natural disasters and strong supporting roles that SBDCs play, that request is only logical and we anticipate strong support.”
Each year in February or March, the national SBDC network holds the Association Winter/Spring Meeting and proceeds to have all state SBDC networks advocate with the congressional delegations from the respective states following its General Meeting.
“We have a good relationship with our congressional delegation in New Jersey,” said Deborah Smarth, chief operating officer and associate state director. “They know about our impact numbers just like our state legislators in Trenton. They understand how important this program is and they work hard to provide resources to ensure small business and entrepreneurial support.”
“We look forward to working with our counterparts in the national network as well as our national office at ensuring good funding results,” added Brenda B. Hopper, chief executive officer and state director.
starting Your Business
If you are planning on starting a small business, NJSBDC, with the help of the Small Business Administration (SBA), is here to make your small business dreams a reality. Become a client and see how.
Expanding Your Business
If you are an existing business with annual revenue of up to $1 million or have more than $1 million in revenue and/or 10 or more employees, NJSBDC can help you expand your market share as a company and grow your vision into a successful company. Become a client and see how.