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Job Creation Act passes in The House
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The Job Creation through Entrepreneurship Act of 2009 passed in the House of Representatives, today by a vote of 406 to 15. The Act reauthorizes the Entrepreneurial Development programs of the Small Business Administration (SBA).
During his floor statement, Ranking Member Sam Graves said, “These programs have not been reauthorized in a comprehensive way in nearly ten years, and given the changes in the economy, it is long overdue. This week is National Small Business week and it is my hope that this legislation honors our small business owners by giving them the tools they need to succeed.”
Rep. Luetkemeyer said, "As we continue to address the problems plaguing our economy, I am pleased that my first bill assists our small business owners, who are the number one job creators in the country and who will play a pivotal role in restoring our economy.”
The overall bill for greater coordination of entrepreneurial development programs was cosponsored by Rep Luetkemeyer. The changes to these programs include increased coordination and redevelopment of programs to better assist entrepreneurs in the current economic climate, such as requiring the SBA to develop online courses that will educate entrepreneurs about starting and expanding their businesses and to provide businesses with best practices, establishing of new Women’s Business Centers, revised funding formula and improvement to the SCORE program and develops benchmarks for evaluating its performance and improving educational and training resources provided by the SBA to veterans, and expands programs of the SBA’s Office of Native American Affairs.
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