The Small Business Administration received a boost from Senate Democrats last week with an assortment of gains above the White House's requested SBA's budget. Senator Kerry's committee announced they added funding for several initiatives, several of which the Bush Administration tried to eliminate.
Winners among the budget items included increased loan oversight and reduced fees, microloans, contracting assistance, Small Business Development Centers, Women's Business Centers, veterans outreach programs, and technical assistance programs, among others.
"Small businesses create more than two-thirds of all new jobs, yet by refusing to fund important small business programs the Bush Administration has starved entrepreneurs of the resources they need to grow their firms," Kerry said in a statement.
The White House sought to eliminate microloans and the Microloan Technical Assistance program from the budget. The Committee said the $31 million loaned through the program in 2007 helped more woman and minorities in small business than any other program.
New Markets Venture Capital, and Technical Assistance, each received $5 million under the reworked budget blueprint. Both work with job creation and equity investment in low income areas.
Veterans' programs received a greater boost than the original budget offered, as those increased from $743,000 in funding to $2.3 million. With soldiers returning from overseas duty in Iraq and Afghanistan, the change looks like a necessary one for helping them reintegrate into the private sector.
When the small businesses that take advantage of federal programs get to work on marketing themselves, they may be contributors to a big increase in local online advertising over the next three years.
A report from Marchex about local online advertising claimed the $8 billion local online ad market would hit $20 billion in three years.
When they do, Marchex suggested those ads should motivate an action locally. Major brand name companies in particular should be doing this for their local resellers, and those smaller businesses should engage the brand company to build their campaigns with this intent.
Entrepreneurs Honored During Small Business WeekUpcoming Small Business Event RoundupNational Small Business Week BeginsDemocrats Attempt to Amend Small Business ActSmall Business Marketing Unleashed!Keep Your Online Business Alive in 2008Wake Up Call - People Use the Internet to ShopTime To Think Globally In Small BusinessGroup To Put Election Focus On Small BusinessSmall Business Owners Delaying Retirement  | |||
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Comments
"Winners" are Kerry only
The author of this article seems to not understand that it's free enterprise that has made America great, not free handouts of taxpayer money to increase the power of liberal Democrats such as John Kerry.
The author writes: "Winners among the budget items included..."
But forgot to mention that the money did not come from Kerry's pocket!
LOSERS are American taxpayers who once again are fleeced by the socialist liberal leaders who publicly throw away taxpayer money to gain favor and free publicity to help keep them in power.
The proven successful way to bolster the economy and help everyone (except socialist Democrat leaders) is to CUT taxes and big government intervention and allow Americans to spend their own money their own way...
I suggest to this particilar Kerry-puffing socialist promoter that he stay away from places where people have a basic understanding of how the economy really works and are not fooled into voting Democrat because of free handouts of the peoples' money to curry favor and power.
Socialism is just not the American way. That's why we're way ahead of Russia, declining Europe, and other countries where socialism and it's twin communism have failed the people, but provided envious lifestyles for political leaders and their devotees...
http://mittromney.townhall.com
woman, minorities and veterans
Microloans help the people that want to get started and grow. They are the ones who truly bring in new money and put new people on the tax rolls. Some will become employers that help many others get a let up and perhaps start a business of thier own.
We have outsourced and allowed corporate leaders to rob employees of so much security that more people than ever want to start a business. They trust themselves.
It is responsible of us to help others help themselves instead of just giving another tax break to those of us who need it the least. I would much rather put my tax dollars into helping fund new businesses than funding a war.
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