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Small Business Administration

Monday, February 13, 2006

The Administration requests $624 million in FY 2007 funding for the Small Business Administration (SBA). Comparison with FY 2006 is challenging due to the disaster loans added to the SBA's authority in FY06. Tech Daily quotes an SBA official as saying the FY07 request "basically would be a straight-line" comparison to the FY 2006 appropriation.



Funding levels for selected activities identified as "core programs" in the agency's press release include:

  • Small Business Development Centers (SBDC) - $87 million (0.98 percent decrease) to support the 63 Lead SBDCs with a network of more than 1,100 service locations around the country that provide management assistance to current and prospective small business owners.
  • Women's Business Centers (WBC) - $12 million (2.76 percent decrease) to support a national network of more than 100 resource centers located throughout the U.S. to promote the growth of women-owned businesses. This is accomplished through programs that address business training and technical assistance and provide access to credit and capital, federal contracts, and international trade opportunities.
  • Service Corps of Retired Executives (SCORE) - $5 million (approximately level funding with FY06) to support 389 chapter offices to provide entrepreneurs with free, confidential face-to-face and e-mail business counseling services.
  • National Women's Business Council - $743,000 (0.2 percent increase) to support a bi-partisan federal advisory council created to serve as an independent source of advice and policy recommendations to the president, Congress and SBA on economic issues of importance to women business owners.
  • Veteran's Outreach - $743,000 (0.2 percent increase) to provide entrepreneurial development services such as business training, counseling and mentoring to eligible veterans owning or considering starting a small business.

No FY07 funds were requested for the Program for Investment in Microentrepreneurs (PRIME). The program's last direct appropriations were $2 million in FY06.



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