SBA’s SBDCs, WBCs got a huge funding boost in the CARES Act

Their total funds more than doubled from FY2019 levels

     The Small Business Administration’s programs for entrepreneurial development won a huge increase in funding in the “CARES Act” coronavirus relief bill.

      Congress added $265 million to the CARES Act to support the SBA programs that provide training and technical assistance to small firms and startups.

      That is in addition to the regular appropriations of $239 million for those programs for fiscal 2020, resulting in more than double their taxpayer funding.

      The CARES Act allocation included $192 million this year for SBA’s 63 Small Business Development Centers (SBDCs) and their hundreds of outreach locations.

      That is a supplement to the $135 million already appropriated for fiscal 2020, bringing the total for the year to ...more....