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The Senate approved $97 million in additional funding for SBA, a 21% increase over President Bush's fiscal 2008 budget request.

The Senate approved $97 million in additional funding for SBA, a 21% increase over President Bush's fiscal 2008 budget request. The amendment, added to the congressional budget resolution March 23, was sponsored by Sen. John Kerry, the Massachusetts Democrat who chairs the Small Business Committee, and the committee's senior Republican, Olympia Snowe of Maine.

The amendment adds money for microloans, contracting assistance, small business development centers, women's business centers, veterans outreach programs, and technical assistance programs, among others.

"Small business programs have been on a starvation diet for too many years and we're trying to reverse that," Kerry said.
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Title Annotation:Washington Insider
Publication:Set-Aside Alert
Date:Apr 6, 2007
Words:99
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