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The Small Business Administration (view source)
Revision as of 15:28, 20 November 2015
, 15:28, 20 November 2015no edit summary
==About==
Created in 1953 as an independent agency of the federal government, the Small Business Administration's (SBA) number one strategic goal is growing businesses and creating jobs, and its second goal is to serve as the voice for small business. The major tools employed by the SBA are a range of financial assistance programs for small businesses that may have trouble qualifying for a traditional bank loan. SBA's programs also include financial and federal contract procurement assistance, management assistance, and specialized outreach to women, minorities and armed forces veterans. SBA also provides loans to victims of natural disasters and specialized advice and assistance in international trade. [https://www.sba.gov/about-sba/what-we-do/history| ]
==SBA and Entrepreneurship==
*FY 2016 broad goal: Strengthen entrepreneurial ecosystems through a variety of strategic partnerships to provide tailored training, mentoring, and advising services that support entrepreneurs during every phase of their business growth.
*FY 2016 performance goal: reach 1.4 million clients with online and in-person training, mentoring, and advising in FY 2016.
*Programs: Small Business Development Centers (SBDC), Women's Business Centers (WBC), SCORE, Learning Center, Boots to Business, Regional Innovation Clusters, Entrepreneurship Education, Emerging Leaders
*Strategies:
#Harness SBA's nationwide network of resource partners
#Improve entrepreneurial ecosystems through cross-agency and public-private partnerships
#Offer tailored training through structured programs and online access
==Budget==
SBA's total budget request for FY 2015 $710 million. Of this amount, $47.5 is for business loan subsidy and $197.8 million is for non-credit programs. Other budget amounts include $19.4 million for the Office of the Inspector General and $8.5 million for the Office of Advocacy. This total is also inclusive of $32.2 million for administering non-Stafford Act disasters.
