AEO August Recess Packet

Action Alert: 

Urge Your Senator to Support AEO’s FY2018 Appropriations Request

 

Dear AEO Members,

On August 3rd, Congress adjourned for the month-long August recess. Your legislators will be back home in their districts and states to meet with constituents, like you, to share updates on their efforts in Washington, DC. They are eager to learn about how these efforts are impacting you.  Take advantage of this opportunity to continue AEO’s advocacy work by engaging with your Members of Congress this August. 

In July, the House Appropriations Committee has passed the FY2018 Financial Services & General Government and Agriculture Appropriations Subcommittee bills.  The House Committee funded the Small Business Administration (SBA) Microloan program at AEO’s funding request -- $31 million for technical assistance and $44 million for lending.   Unfortunately, the CDFI Fund at Treasury was funded at only $190 million for FY2018. While it is $176 million above the White House’s request of $14 million, it is still $60 million below AEO’s request.   The House Committee also eliminated the PRIME program entirely. 

The United States Department of Agriculture’s (USDA) Rural Business Program also absorbed cuts.  In the House Agriculture Appropriations Subcommittee bill, the Rural Business Development Grants ($20 million) and Intermediary Relending Program ($17.5 million) were $10 million and $1.5 million below AEO’s budget request.  The Rural Microentrepreneur Assistance Program was eliminated entirely by the House. 

Our fight now moves to the Senate Appropriations Committee.  Entrepreneurship funding requires support from Republicans and Democrats alike. AEO is asking all of its members and supporters to meet with their Senators and urge them to support small business programs. In particular, there are two cornerstone programs that provide critical support to entrepreneurs, especially in economically distressed areas: the Treasury’s CDFI program, and the SBA PRIME program.

Please find a chart below with an update on where AEO’s FY2018 appropriations requests stand, a guide for your August meetings with your Senators, and how to make your meeting count.

We’re halfway there! Thank you for your continued support of AEO and let’s push to the finish line!

 

Sincerely,

Connie Evans

President & CEO

 

Download the Recess Packet (PDF version)

 


Update on AEO’s FY2018 Funding Priorities

 

Treasury - Senate Appropriations Subcommittee of Jurisdiction:  Financial Services & General Government

Program

FY2018 AEO Request

FY2018 President Request

FY2018 House Bill

CDFI Fund

$250 million

$14 million

$190 million

 

SBA - Senate Appropriations Subcommittee of Jurisdiction:  Financial Services & General Government

Program

FY2018 AEO Request

FY2018 President Request

FY2018 House Bill

Microloan –TA

$ 31 million

$25 million

$31 million

Microloan – Lending

$44 million

$36 million

$44 million

PRIME

$10 million

eliminated

eliminated

WBCs

$21.5 million

$16 million

$17 million

 

USDA – Senate Appropriations Subcommittee of Jurisdiction:  Agriculture, Rural Development, Food & Drug Administration, and other Agencies

Program

FY2018 AEO Request

FY2018 President Request

FY2018 House

Bill

Rural Business Development Grants (RBDG)

 

$30 million

 

eliminated

 

$20 million

Rural Microentrepreneur Assistance Program (RMAP)

 

$3 million

 

$3 million

 

eliminated

Intermediary Relending Program (IRP)

 

$19 million

 

eliminated

 

$17.5 million


 


Support AEO’s FY2018 Budget Request for Entrepreneurial Support Programs

 

AEO is asking all our members and supporters to meet with their Senators during August recess and urge them to support funding for small business lending and technical assistance programs.  Several of these programs are slated for elimination in the House-passed FY2018 appropriations bills.  Congress needs to hear from you on how these programs support entrepreneurs and small businesses in your community!

How to Reach Your Senators

The best way to make sure AEO’s message is heard is to schedule a meeting with your Senators through their local office.  You can find your Senators here

  • Schedule a meeting with your legislators and/or their staff. Call your district office as early as possible and be flexible. You may have to make more than one call to arrange this meeting.
  • An alternative to one-on-one meetings is attending town hall meetings. These are open to the public and can generally be found on the Members website or by contacting the office. If you attend one of those events, you can request a brief introduction with the Member.
  • Finally, social media, including Twitter and Facebook, are brief, but well-used avenues for communicating with legislators. Committees also have social media accounts where comments can be directed.

Making the Meeting Valuable

The goal of congressional outreach during recess is to amplify the message AEO builds in Washington DC. Start by introducing yourself, your organization, and sharing information about AEO.

Three tips to get the most out of your meeting:

Download the Recess Packet (PDF version)

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