Consolidated Appropriations Act boosts SBA funds in fiscal 2023
President Biden has signed the omnibus Consolidated Appropriations Act appropriations law for fiscal 2023 totaling $1.7 trillion in discretionary funding for federal government agencies. It includes $858 billion for defense and $772.5 billion for civilian agencies.
The Small Business Administration is set to receive $1.2 billion in funding, an increase of $188 million. That is an 18% boost.
SBA also will get $320 million for its entrepreneurial development programs, an increase of $30 million from last year’s enacted level--an 11% boost.
The SBA programs’ 2023 funding and their comparisons to 2022 funding include:...more....
