FY2014 Appropriations Bill Includes Important Microbusiness Funding

January 14, 2014 – Congressional Appropriators have agreed to terms on an omnibus FY2014 appropriations bill.  The massive bill, which is likely to be approved before week’s end, includes funding at or above the levels AEO recommended for many of the lending and business assistance programs AEO members care about. 

“We are thrilled that the Congress recognizes the importance of these programs to our nation’s entrepreneurs,” said AEO President & CEO, Connie Evans.  “AEO continues to make the case for these programs, which allow our more than 450 member and partner network to provide critical business assistance and lending services to microbusinesses across the country.”

The omnibus bill includes the following FY2014 funding levels for microbusiness development programs:

PRIME Program $3.5M
Microloan - Lending $25M
Microloan - TA $20M
Women's Business Centers $14M
CDFI Fund $226M
Boots2Business $7M
USDA RBEG $24.3M
USDA RBOG $2.25M
Workforce Innovation Fund $47M
SBDCs $113.6M

Please join Martin Feeney, AEO Government Relations, next Thursday, January 23 at 2pm EST for an in-depth policy webinar on the FY2014 appropriations bill. To register for the webinar, “Policy Briefing Call: FY2014 Appropriations, please click here.