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Legislation reauthorizing the SBA’s entrepreneuriakl development initiatives would establish newgranty programs. Those programs would enable Small Business Developmentf Centers to provide specializede training to small firms on how to find win local, state and federal and start a clean-energy business. SBDCs are located at universities and receiv funding from local sources as well asthe SBA. The bill also calla for grants that woule enable SBDCs to establish statewide Small Businessw Helplines that would offer immediate assistance tosmal companies. Rep. Heath Shuler (D-N.C.
) sponsored the which also expands Women’x Business Centers and creates new servicefor veteran-owned and Native American-owned small businesses. “As a small-business owner I know these programs provide the counseling and technicap resources that can make the difference for an entrepreneud trying to get offthe ground,” says who owned a real estate business aftefr ending his career in professional football.
“Businesses that take advantagee of these resources are twice as likely to Underthe legislation, SBDCs could receivd up to $150 million in federal funding in fiscal 2010 and up to $160 million in fisca l 2011 — far aboved the $110 million they received this year. Presidentg Barack Obama’s budget proposal would trim federalo funding for SBDCsto $97 million next The bill also directs the SBA to contracy with third-party vendors to offer online entrepreneurial training.
Business organizations are criticizing President Barack Obamaz for encouraging regulatory agencies to refrainfrom pre-emptintg state laws when issuing new A May 20 memo from Obama also directede agencies to review regulations issued during the past 10 yeares to see if they contained pre-emption that are not justified. If they do, agencies shoulds consider amendingthe regulations, the memo stated.
“Pre-emptiomn of state law by executive departments and agenciexs should be undertaken only with full consideration of the legitimates prerogatives of the states and with a sufficieny legal basisfor pre-emption,” the memo During the Bush administration, regulatory agencies sometimed included pre-emption language in the preamblesw of regulations. The National Association of Manufacturersz andthe U.S. Chamber of Commerced contend Obama’s policy against federal pre-emption of state laws will result in more lawsuitwagainst businesses, particularly in the area of producyt liability.
“Manufacturers sell products into anationao market, and a single, national regulatorg standard helps ensure predictable treatment in the courts,” says NAM Vice Presidenft Rosario Palmieri. “It’s unwise to replace a regulatoryh system based on objective science and agency experts witha 50-state patchwork of often arbitrary jury “The litigation industry is thrilled at the prospecy of bringing more lawsuits and finding venuees where frivolous suits stand a better chance of Palmieri adds. But the American Associatiojn for Justice, formerly known as the Association of Trial Lawyersof America, praises Obama’s memo.
It “makes clea r that the rule of law will once agaihn prevail over the over the ruleof politics,” says Les association president. “The memo overturned actions taken by Bush administration bureaucratsz who were influencedby powerful, well-connectede corporations who wanted to rewrite and reinterpret congressional legislation, underminer the constitutional system of checks and and put the public at risk and compromise laws designed to give Americans basicc rights to hold wrongdoers accountable.” President Obam a has selected a venture capitalist to be chiefc counsel of the Small Business Administration’s Offic of Advocacy, a post usually held by an attorney.
Winsloq Sargeant, a managing director in the technologty practiceof Madison, Wis.-basecd Venture Investors, is Obama’s choice to head the Officer of Advocacy. The office is an independent entity insidw SBA that ensures federal agencies consider the impact of theirf regulations onsmall businesses. The office also conducts researchon small-business Sargeant is the second venturr capitalist to be selected for a top post at the SBA. Agencyg Administrator Karen Mills worked as a principalin private-equity and venture-capital firms for 26 years before she took over the SBA in WHAT ISSUES ARE IMPORTANT TO YOU? •Need information from Washington ?
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