Pryor Speaks Out About Small Business Challenges
By: Import User
Updated: January 7, 2009
Cutbacks in federal Small Business
Administration funding threaten Arkansas entrepreneurs, according
to bank officers and others.
They made the statements today at a field hearing held by U-S
Senator Mark Pryor, a member of the Senate Small Business
Committee.
Pryor held the hearing to learn how a nearly 25 percent cut over
the last four year`s in the S-B-A`s budget have affected Arkansas
businesses.
The Bush administration is proposing an additional 120 (m)
million dollars in cuts for the agency in its latest budget plan.
Pryor says he will fight to fully fund S-B-A programs.
The cuts have led to caps on some loan programs and elimination
of other loan programs, and consolidation of some district office
functions.
Posted by Mike Hellgren
