House Appropriations Committee’s Proposed SBA Cuts Would Harm Small Businesses at a Time When Investment is Critical

For Immediate Release: 
Tuesday, June 4, 2024

Statement from John Arensmeyer, Founder & CEO of Small Business Majority, on the damage that would be done to small businesses if the SBA is not fully funded   


“The U.S. House Committee on Appropriations' proposal to fund the Small Business Administration (SBA) at significantly less in FY25 than in FY24 is irresponsible, and sends the message that our government isn’t prepared to fully support the entrepreneurs and the businesses that make up 99.9% of our nation’s employers. These needless reductions in funding for entrepreneurial assistance programs would undermine small business growth at a time when continued investment in the SBA is needed to ensure that the recent, historic small business boom – representing over 17 million new business applications filed – is supported at a sustainable rate. 

What’s more, the House proposals to prohibit SBA from funding the Community Navigator Pilot Program established under the American Rescue Plan, and blocking SBA from supporting climate change initiatives, are short-sighted, politically motivated jabs that sacrifice small businesses as collateral damage in a partisan fight.

We know that budgets are sometimes trimmed for political rather than practical reasons, but it’s unacceptable to harm small businesses as part of an electoral strategy. The SBA’s reach, impact, and influence expanded quickly with the onset of the COVID-19 pandemic almost four years ago, and while many businesses have since recovered, the demand for SBA services remains high. That’s why we hope to see lawmakers stand up for critical small business support programs before these proposed cuts go any further in the legislative process.”


About Small Business Majority

Small Business Majority is a national small business organization that empowers America's diverse entrepreneurs to build a thriving and equitable economy. We engage our network of more than 85,000 small businesses and 1,500 business and community organizations to advocate for public policy solutions and deliver resources to entrepreneurs that promote equitable small business growth. Our deep connections with the small business community along with our scientific research enable us to educate the public about key issues impacting America’s entrepreneurs, with a special focus on advancing the smallest businesses and those facing systemic inequalities. Learn more about us on our website and follow us on TwitterFacebook and Instagram.

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