Set-Aside Alert news analysis:

Trump’s deep budget cuts at SBA spur bipartisan resistance

Lawmakers oppose drop in funds for SBDCs, other aid

     President Trump’s proposed budget for fiscal 2021 making deep cuts at the Small Business Administration is getting a negative response from both Democrats and Republicans in Congress.

      In the House, Rep. Nydia Velazquez, D-NY, chair of the House Small Business Committee, released a report warning that the SBA funding reductions would “severely impact” small businesses.

      In the Senate, Sen. Marco Rubio, R-FL, chair of the Senate Committee on Small Business and Entrepreneurship, on Feb. 12 wrote a letter urging the SBA not to accept President Trump’s proposed 35% cut to funding for the agency’s Small Business Development Centers (SBDCs).

      “The SBA’s request is a nearly 35% reduction from their current Congressionally authorized budget. This new budget process stifles their ability to properly budget and ...more....