House panel to vote on small business assistance bill

WASHINGTON, D.C.
May 11, 2009 11:58am

Major revisions to the entrepreneurial development programs of the U.S. Small Business Administration come up for a vote Wednesday before the U.S. House Committee on Small Business.

The legislation to be considered, the so-called “Job Creation through Entrepreneurship Act of 2009,” would be the first major revision of entrepreneurial development programs in ten years, if enacted.

Entrepreneurial development programs provide established small business owners and prospective entrepreneurs with business counseling and technical guidance to assist them in their business development.

Among other things, the legislation would require the SBA to develop a plan and submit it to Congress for creating jobs through its entrepreneurial development programs. “The SBA shall also identify a strategy for each SBA Region to create or retain jobs through agency programs,” the bill says.