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The SBA was created on July 30, 1953, by Republican President Eisenhower with the signing of the Small Business Act, currently codified at 15 U.S.C. ch. 14A.The Small Business Act was originally enacted as the "Small Business Act of 1953" in Title II (67 Stat. 232) of Pub. L. 83–163 (ch. 282, 67 Stat. 230, July 30, 1953); The "Reconstruction Finance Corporation Liquidation Act" was Title I ...
The agencies of the U.S. Federal Government are required by the HUBZone Empowerment Act [citation needed] to contract with HUBZone certified small businesses for more than 3% of their budget in the form of prime contracts to HUBZone firms. The government has made some progress towards these goals, but by and large remains below them.
The Small Business Act Amendments of 1958 (Pub. L. 85–536, 72 Stat. 384, enacted July 18, 1958) withdrew Title II as part of that act and made it a separate act to be known as the "Small Business Act". Its function was and is to "aid, counsel, assist and protect, insofar as is possible, the interests of small business concerns".
Small business owners face severe penalties if they don't report to the federal government by year's end. Thousands of Ohioans may not realize they are subject to a new reporting process mandated ...
The Small Business Administration will also revamp its "Empower to Grow" program to offer personalized technical support and networking opportunities to businesses pursuing federal contracts.
Why are SBA loans more affordable than other business loans. These loans are more affordable because most SBA loans are backed by the federal government, which provides an SBA loan guarantee ...
Business.gov was launched in 1997 as the U.S. Business Advisor by the National Technical Information Service of the United States Department of Commerce.The U.S. Business Advisor aimed to improve interaction between businesses and government agencies by providing a single resource for finding tools, how-to guides, frequently asked questions, current items of interest, and information on doing ...
WASHINGTON, Jan. 10, 2025 (GLOBE NEWSWIRE) -- Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 34 million small businesses, announced that small businesses received more than $183 billion in prime contracts from the federal government – 28.8% of all federal contracting ...