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SBA Budget Cuts Would Undermine Small Business Growth

For Immediate Release: 
Thursday, 16 March, 2017

Statement by John Arensmeyer, Founder & CEO of Small Business Majority, in reaction to President Donald Trump’s budget proposal that calls for cutting Small Business Administration funds

 

It is deeply disappointing that President Trump’s budget proposal released today includes a 5 percent cut for the Small Business Administration (SBA). Under Trump’s plan, the SBA would see a $12 million reduction in available grants for programs that provide education, resources and growth opportunities for small businesses. If adopted, this ill-timed move would damage America’s small business ecosystem by pulling the rug out from under small firms at a time when the U.S. economy is on the upswing.

Periods of growth are a great opportunity to support entrepreneurship in this country, not a chance to gut programs that help small employers gain the tools and resources they need to thrive. It’s crucial for lawmakers to support the SBA so that more of this country’s entrepreneurs can benefit from a strong economy.

About Small Business Majority

Small Business Majority was founded and is run by small business owners to focus on solving the biggest problems facing small businesses today. Since 2005, we have actively engaged small business owners and policymakers in support of public policy solutions, and have delivered information and resources to entrepreneurs that promote small business growth and drive a strong economy. We regularly engage our network of 55,000 small business owners along with a formal strategic partnership program of more than 150 business organizations, enabling us to reach more than 500,000 entrepreneurs. Our extensive scientific polling, focus groups and economic research help us educate and inform policymakers, the media and other stakeholders about key issues impacting small businesses and freelancers, including access to capital, taxes, healthcare, retirement, entrepreneurship and workforce development. Learn more about us on our website and follow us on Twitter, Facebook and Instagram.

Topic: 
Workforce
Press State: 
National