Subscribe to Inc. magazine
STRATEGY

Senate Approves SBA Funding Boost

A new bill provides the small-business agency with an additional $40 million for core lending and assistance programs.
Advertisement

Senate lawmakers this week approved $569 million in funding for the Small Business Administration's core lending and assistance programs, the agency's first budget increase in seven years.

The 2008 Consolidated Appropriations Act boosts funding for the agency's Small Business Development Centers, Women's Business Centers, microloans, and HUBZones, among other federal programs aimed at helping entrepreneurs and small-business owners.

"For the first time since President Bush took office, small business programs will receive a real funding increase," Sen. John Kerry (D-Mass.), chairman of the Senate Small Business and Entrepreneurship Committee, said in a statement.

Last updated: Dec 19, 2007




Register on Inc.com today to get full access to:
All articles  |  Magazine archives | Livestream events | Comments
EMAIL
PASSWORD
EMAIL
FIRST NAME
LAST NAME
EMAIL
PASSWORD

Or sign up using: