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Congress Approves Small-Business Bills

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Federal lawmakers on Wednesday approved as many as four bills aimed at boosting entrepreneurial development programs overseen by the Small Business Administration.

The SBA Entrepreneurial Development Act, introduced by Rep. Joe Sestak (D-Pa.) will expand the role of both Small Business Development Centers and SCORE programs in helping small-business owners deal with rising Health-care and energy costs, among other challenges.

Two other bills will provide additional services at Women Business Centers and Veterans Business Outreach Centers, while a third creates a customized program for Native American entrepreneurs.

Recent studies show that small-business start-ups that seek government assistance have a better chance of succeeding.

Rep. Nydia Velazquez (D-N.Y.), the chairwoman of the House Small Business Committee, called the new legislation a "big step forward for aspiring entrepreneurs."

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Last updated: Jun 21, 2007




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