SBA finally gets FY2022 budget

      Congress boosted the fiscal 2022 budget of the Small Business Administration’s contracting and entrepreneurial programs over last year’s amount, but not as much as requested by President Biden.

      For SBA’s entrepreneurial and small business development programs, the Consolidated Appropriations for Fiscal 2022 allocated $290.2 million, which is a 7% increase from the $272 million enacted in fiscal 2021. President Biden had requested $318 million.

      For SBA’s salary and expenses account, which is separate from the entrepreneurial and development programs, the new budget is $278.4 million, a 3% increase from $270.2 million last year. The request was $293.6 million.

      The SBA’s Office of Inspector General will get $22.7 million, up from $22 million. It’s a 3% increase but short of the $25 million requested.

      The SBA’s Office of Advocacy increased by 3% to $9.5 million, from $9.2 million; the request was $9.6 million.

      Details on SBA’s government contracting and field office accounts were not readily available.

Entrepreneurial and Biz Dev’t

      Congress diverged from the White House’s requests on several programs in this category.

      For example, Congress awarded Small Business Development Centers (SBDCs) $138 million, a 1.4% increase. Only $136 million was requested.

      Similarly, for SCORE, $12.2 million was requested, the same as last year. Congress provided $14 million.

      However, for several other programs, the administration did not receive what it asked for. For example, for Women’s Business Centers, the White House wanted $26 million, while Congress approved $24.4 million.

      Also, Biden sought $10 million each for Regional Innovation Clusters and Growth Accelerators, but they were funded at $8 million and $3 million, respectively.

      Here is the full list of funding allocations for SBA’s entrepreneurial development programs for 2022:

More information:
Appropriations bill text: https://bit.ly/3IQ5eYN
Explanatory Statement: https://bit.ly/3JG0aqO
SBA FY2022 request: https://bit.ly/3tCeg7h

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