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Mom!!! George took my entrepreneurship funding-and he won't give it back!

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This story appears in the June 2001 issue of Entrepreneur. Subscribe »

The Bush budget for fiscal 2002 has angered democrats by eliminating funding for two SBA programs aimed to spur inner-city employment and business development.

New Markets Venture Capital program companies would manage and invest $150 million in small businesses and be eligible for $30 million for technical assistance in using the capital. The BusinessLINC program would provide $7 million to expand B2B between big and small businesses and offer dispensations in low-income and Native American communities. Bush says his budget will provide for companies in those communities, "making a separate small SBA discretionary spending program unnecessary."

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