- March 14, 2017
- Posted by: admin
- Category: Capital & Finance, Federal Contracting
The United States relies on small businesses – most net new job growth has been from small firms. In fact, over 50 percent of America’s non-farm workforce is employed by small businesses. However, the growing number and complexity of federal regulations have held back economic expansion and job growth, particularly by small firms, and made it increasingly difficult for them to thrive and compete in the global economy. As a result, even more small businesses are dependent on the programs of the SBA, and it is critical that those programs are tailored to yield the most beneficial results.
In the Views and Estimates on Small Business on Matters for Fiscal Year 2018 Budget, the House Small Business Committee focuses on five SBA small business matters critical for supporting small business growth: Capital Access Programs, Entrepreneurial Development Programs, Federal Procurement Programs, Regulatory Reform and Paperwork Reduction and SBA Mission and Organizational Structure. In all aspects, the Committee is looking at ensuring mandated programs are funded, removing duplicative efforts and reallocating funds to better serve the small business community. Read more.