Following the legislative process makes me all the more appreciative of the flexibility that defines small businesses.But far be it for me to argue with the U.S. Constitution. What you need to know, and good news for entrepreneurs: The long-delayed FY 2009 Omnibus Appropriations Act, which includes a nice boost in funding for small-business programs and other SBA-related goodies, has made it through the House (245 yeas to 178 nays) and is now on the Senate's to-do list.
According to the House Committee on Small Business, the Omnibus Appropriations bill provides for:
"The funding in this bill means more fledgling firms will receive counseling to build successful business plans, more budding entrepreneurs will have access to microloans, and more Americans who want to start their own businesses will be able to do so," said Rep. Nydia M. Velï¿¼zquez (D-NY), chairwoman of the House Committee on Small Business, which two weeks ago held a hearing about entrepreneurial programs and how the counseling, resources, and tools they provide help small businesses succeed. "And at the end of the day, every $1 spent on these programs puts another $2.87 back into the economy. Thatï¿¼s a 287 percent return on investment, and just the kind of economic stimulus we need right now," she said at the time.
To the burning-the-midnight-oil rANT's point, President Obama's returned attention to small business is certainly welcome, but how will this funding truly address their main pain point? And that is, getting consumers to spend again.