Committee Exposes Program Duplication at the SBA
The House Small Business Committee, chaired by Rep. Sam Graves (R-MO), today examined several initiatives created by the Small Business Administration (SBA), and the agency’s duplication of entrepreneurial development programs provided by both the federal and private sector.
In 2012, the Government Accountability Office (GAO) found overlap and duplication among 52 programs meant to support entrepreneurial endeavors at the USDA, Commerce, HUD and SBA. Despite this finding, SBA has created even more entrepreneurial initiatives, which lack congressional approval and adequate performance metrics, and has asked for funding at rates comparatively higher than for programs with long-standing track records and congressional approval. Notably, the SBA requested a total of $33 million for their own SBA-created initiatives – an increase of $12 million from what was requested and appropriated in FY2014 – while Congressionally-approved program funding requests remained static.
Materials for the hearing are available on the Committee’s website HERE.