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

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

The Bush budget for fiscal 2002 has angered democrats byeliminating funding for two SBA programs aimed to spur inner-cityemployment and business development.

New Markets Venture Capital program companies would manage andinvest $150 million in small businesses and be eligible for $30million for technical assistance in using the capital. TheBusinessLINC program would provide $7 million to expand B2B betweenbig and small businesses and offer dispensations in low-income andNative American communities. Bush says his budget will provide forcompanies in those communities, "making a separate small SBAdiscretionary spending program unnecessary."

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