America's SBDCs Applaud US House Passage Of HR 5485
The US
House of Representatives has passed HR 5485, the Financial Services and General
Government Appropriations for FY2017. This bill, which funds the US Small
Business Administration, includes $130 million in support for the 63 Small
Business Development Center (SBDC) networks and their nearly 1,000 centers
across the United States and in DC, Puerto Rico, the Virgin Islands, Guam and
American Samoa.
"We
particularly want to thank Financial Services Subcommittee Chairman Ander
Crenshaw for his support. This funding increase will enable SBDCs to expand and
improve our ability to assist small businesses nationwide, small businesses
that are the vital foundation of our national economy. Every day small
businesses face challenges with access to capital, sales, marketing, and a host
of other issues. This funding will make sure that SBDCs are there to help them
grow and create jobs"
said C. E. "Tee" Rowe, President/CEO of
America's SBDC. "This legislation is a great example of support for small
business and SBDCs in the US House of Representatives."
Last
year SBDCs helped small businesses create 98,000 new jobs, access over $4.8
billion in capital, and create over $7 billion in new sales. SBDCs provided
over 1.3 million hours in counseling services to over 196,000 small businesses.
About
America's SBDC and Small Business Development Centers: America's SBDC represents the Nation's 63 Small Business
Development Centers, a national network of partnerships uniting higher
education, state and local nonprofit economic development organizations,
private enterprise and government. It is the Small Business Administration's
largest partnership program, providing management and technical assistance to
help Americans start, run and grow their own businesses. Learn more at www.AmericasSBDC.org
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