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Feb 12 2021    Next issue: Feb 26 2021

Set-Aside Alert news analysis:

SBA entrepreneurial programs continue funding expansion

Budgets return to steady growth track, after 2020 surge

      Last year, funding soared for the Small Business Administration’s popular entrepreneurial development programs as a result of several large supplements related to pandemic assistance.

      Small Business Development Centers (SBDCs) got $327 million, more than doubling their initial allocation.

      Similarly, Women’s Business Centers (WBCs) received an extra $48 million infusion in fiscal 2020, more than tripling their initial funding.

      This year, the entrepreneurial programs budget has come down from last year’s level, but is still maintaining a brisk upward growth trend that has persisted for the last 21 years, according to a new report from the Congressional Research Service.

      Most of the flagship entrepreneurship programs have expanded at a rate exceeding the rate of inflation between fiscal 2000 and fiscal 2021, the CRS concluded.

      Overall, the total entrepreneurial programs’ budget rose by 29% over two years, from $229.7 million in fiscal 2019 to $295.5 million in fiscal 2021.

      Funding increased over the two-year period for SBDCs, Microloan Technical Assistance (which got a supplement this year), WBCs, Veterans Outreach, SCORE, Regional Innovation Clusters and PRIME.

      The entrepreneurial programs that shrunk or did not grow in the two-year period were Native American Outreach, 7(j) Technical Assistance Program, Entrepreneurial Education and Growth Accelerators,

      Here is an overview of the SBA’s entrepreneurial development programs and their recent and current appropriations by fiscal year, based on the CRS report.

(includes $240 million supplement) (includes $192 million supplement) (includes $50 million supplement)
—SBA Entrepreneurial programs
2021 $295.5 million
2020 $482 million
2019 $229.7 million
—SBDCs
2021 $136 million
2020 $327 million
2019 $131 million
—Microloan Technical Assistance
2021 $85 million
2020 $34.5 million
2019 $31 million
—WBCs
2021 $23 million
2020 $70.5 million (includes a $48 million supplement)
2019 $18.5 million
—Veterans Programs
2021 $14 million
2020 $14 million
2019 $12.7 million
—SCORE
2021 $12.2 million
2020 $11.7 million
2019 $11.7 million
—Regional Innovation Clusters
2021 $6 million
2020 $5 million
2019 $5 million
—PRIME
2021 $5.5 million
2020 $5.5 million
2019 $5 million
—HUBZone Administration
2021 $3 million
2020 $3 million
2019 $3 million
—7(j) Technical Assistance
2021 $2.8 million
2020 $2.8 million
2019 $2.8 million
—Entrepreneurial Education
2021 $2.5 million
2020 $2.5 million
2019 $3.5 million
--Growth Accelerator
2021 $2 million
2020 $2 million
2019 $2 million
--Native American Outreach
2021 $2 million
2020 $2 million
2019 $2 million

More information:
CRS report: https://bit.ly/3auNZNm

     

Inside this edition:

‘Buy American’ gets boost

Guzman intends to prioritize underserved firms in PPP loans

$15 min wage for contractors

SBA entrepreneurial programs continue funding expansion

FBI HQs in play again

Biden cancels 73 rescissions

Using small firms in DPA

Column: Your Capability Statement

Washington Insider:

  • DOD’s effort to help small biz find US investors
  • CIO-SP4 RFP
  • Polaris Small Biz GWAC on Interact

Coronavirus Update


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