WASHINGTON, DC — Congresswoman Carol Shea-Porter today voted for the Job Creation through Entrepreneurship Act of 2009. This legislation, which passed the House 406 to 215, will help small businesses by modernizing the Small Business Administration's (SBA) entrepreneurial development program and implementing commonsense reforms that will help ensure taxpayer dollars are spent wisely.
“I was pleased to vote for this important bill during National Small Business Week,” said Congresswoman Shea-Porter. “Small businesses are the heartbeat of our economy and they must succeed. This commonsense bill will provide small businesses with the support they need to grow and to create new jobs.”
The Following are highlights of the provisions inthe Job Creation Through Entrepreneurship Act:
Modernizing the Small Business Development Center (SBDC) Program
Makes several key changes to the operation of the Small Business Development Centers (SBDC) program. To ensure communities are provided the services their entrepreneurs demand, local SBDCs are given a stronger voice in determining their service offerings and human resources. Taxpayers are protected by a provision that concentrates resources on entrepreneurial development, not overhead. Finally, the SBDC program is given flexibility to be more responsive during natural disasters, permitting these centers to function and contribute to recovery.
Establishment of Veterans Business Center Program
Authorizes $10 million in FY 2010 and $12 million in FY 2011 for the SBA to expand entrepreneurial development assistance to veterans by increasing outreach facilities across the country, establishing specialized assistance programs, and updating the institutional structure designed to customize policies and programs targeted to veterans.
Broadening the Women’s Business Centers Program
Improves and expands business development resources for women entrepreneurs by increasing counseling and training facilities for this sector, particularly targeting underserved areas.
Enhancing Native American Entrepreneurship
Ensures entrepreneurial development services are customized to Native American entrepreneurs’ needs and communities by formalizing in statute the SBA’s Office of Native American Affairs and establishing grants for business development outreach facilities in regions with high concentrations of these enterprises.
SCORE Program Improvements
Increases the effectiveness of the SCORE (Service Corps of Retired Executives) program by establishing new performance and benchmark requirements for the agency’s business mentoring resources.
Helping Small Businesses Access Capital
Creates a grant program specifically designed to assist small firms in securing capital, such as the $21 billion in new small business lending generated under the Recovery Act.
Educating Entrepreneurs Through Today’s Technology
Increases access to entrepreneurial development services through the use of communication technologies to facilitate the creation of high-quality distance learning resources through public-private business development experts.
Boosting Entrepreneurs’ Role in the Green Economy
Establishes a green entrepreneurial development program, which will provide education, classes and one-on-one instruction in starting a business in the fields of energy efficiency, green technology, or clean technology.
Opening New Opportunities for Small Businesses in the Federal Marketplace
Creates a procurement training program to help local agencies identify contracts that are suitable for local small firms and provides technical assistance regarding the federal procurement process, including helping small firms comply with federal regulations and bonding requirements.
Updates the structure of the SBA’s entrepreneurial development portfolio by requiring increased coordination and planning by program operators.