My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.

Watch Your Programs

Mom!!! George took my entrepreneurship funding-and he won't give it back!
Magazine Contributor
2 min read

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."

But Rep. Nydia Velazquez (D-NY), ranking Democrat on the House Small Business Committee, doesn't agree. Says Velazquez, "It makes no economic sense to kill the very programs that will help create jobs and economic growth in this country."

Got the Energy?

Small businesses overwhelmed by increases in energy costs would find relief with the Small Business Energy Emergency Relief Act (S. 295), which was sponsored by Sen. John Kerry (D-MA) and passed the Senate Small Business Committee on February 28. The bill would provide economic injury loans made directly by the SBA at interest rates of about 4 percent. At press time, no further action had been taken.

B2B or Not to Be

The first bill passed by the House this year seeks to improve the electronic links between buyers and suppliers. The Electronic Commerce Enhancement Act (H.R. 524) sets up a pilot program within the Manufacturing Extension Program at the National Institute of Standards and Technology.

Stephen Barlas is a freelance business reporter who covers the Washington beat for 15 magazines.

More from Entrepreneur

David provides constructive insight to help businesses focus on their company growth, build brand awareness and know when and how to raise money.
Book Your Session

In as little as seven months, the Entrepreneur Authors program will turn your ideas and expertise into a professionally presented book.
Apply Now

Are you paying too much for business insurance? Do you have critical gaps in your coverage? Trust Entrepreneur to help you find out.
Get Your Quote Now

Latest on Entrepreneur