Latest news with #MadeinAmericaManufacturingInitiative
Business Upturn
08-07-2025
- Business
- Business Upturn
ICYMI: Administrator Loeffler Joins Lara Trump for Exclusive Interview on One Big Beautiful Bill
WASHINGTON, July 08, 2025 (GLOBE NEWSWIRE) — In case you missed it, Kelly Loeffler, Administrator of the U.S. Small Business Administration (SBA), joined My View with Laura Trump to discuss how President Donald J. Trump's One Big Beautiful Bill will empower America's 34 million small businesses. Signed into law on July 4, 2025, the bill provides historic tax cuts that will unleash a new era of hiring, growth, and prosperity on Main Street. During the exclusive interview, Administrator Loeffler and Lara Trump visited small businesses in Wilmington, North Carolina, where they spoke directly to job creators about how the One Big Beautiful Bill will help them create jobs, expand, and plan for the future. Administrator Loeffler highlighted that the bill will lock in tax relief, cut burdensome regulations, and strengthen American supply chains. She also emphasized how the SBA and President Trump will continue to work together to empower small businesses and workers as they drive America's economic comeback, including through efforts like the agency's Made in America Manufacturing Initiative and Make Onshoring Great Again Portal. Click HERE to watch the full interview or view excerpts below: '[The One Big Beautiful Bill] is the lifeblood for small businesses, to have that certainty of low taxes. It will also create about 1 million Main Street jobs—main streets like this that will benefit from the economic energy that will come behind it. It is literally rocket fuel for the economy.' 'We've talked to manufacturers…from aerospace to defense to barbeque grills and boats and so many things that this country can do. We've even introduced a directory for Made in America, manufactured goods to ensure that small businesses can source supplies from America—and that's what's happening across this country. Small businesses are grateful for President Trump fighting for fair-trade.' 'What's great about getting out across the country, outside of Washington, you see the concerns that are on the minds of hardworking Americans that make this country work…the last thing they need to hear is that there is a tax increase on the horizon…massive tax increase on hardworking Americans who have been pushed to the brink by Biden inflation that created 20% inflation, $1.6 trillion of regulation.' 'It's such a great honor to serve in President Trump's Administration…I bring 30 years of business experience to this role, but most importantly, I bring the heart of a small businessperson…so I know what small businesses go through every single day to make this country work—to make ours the greatest in the world—and President Trump is fighting for small businesses through fair trade, through deregulation and through low taxes.' # # # About the U.S. Small Business Administration The U.S. Small Business Administration helps power the American dream of entrepreneurship. As the leading voice for small businesses within the federal government, the SBA empowers job creators with the resources and support they need to start, grow, and expand their businesses or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
Associated Press
08-07-2025
- Business
- Associated Press
ICYMI: Administrator Loeffler Joins Lara Trump for Exclusive Interview on One Big Beautiful Bill
WASHINGTON, July 08, 2025 (GLOBE NEWSWIRE) -- In case you missed it, Kelly Loeffler, Administrator of the U.S. Small Business Administration (SBA), joined My View with Laura Trump to discuss how President Donald J. Trump's One Big Beautiful Bill will empower America's 34 million small businesses. Signed into law on July 4, 2025, the bill provides historic tax cuts that will unleash a new era of hiring, growth, and prosperity on Main Street. During the exclusive interview, Administrator Loeffler and Lara Trump visited small businesses in Wilmington, North Carolina, where they spoke directly to job creators about how the One Big Beautiful Bill will help them create jobs, expand, and plan for the future. Administrator Loeffler highlighted that the bill will lock in tax relief, cut burdensome regulations, and strengthen American supply chains. She also emphasized how the SBA and President Trump will continue to work together to empower small businesses and workers as they drive America's economic comeback, including through efforts like the agency's Made in America Manufacturing Initiative and Make Onshoring Great Again Portal. Click HERE to watch the full interview or view excerpts below: '[The One Big Beautiful Bill] is the lifeblood for small businesses, to have that certainty of low taxes. It will also create about 1 million Main Street jobs—main streets like this that will benefit from the economic energy that will come behind it. It is literally rocket fuel for the economy.' 'We've talked to manufacturers…from aerospace to defense to barbeque grills and boats and so many things that this country can do. We've even introduced a directory for Made in America, manufactured goods to ensure that small businesses can source supplies from America—and that's what's happening across this country. Small businesses are grateful for President Trump fighting for fair-trade.' 'What's great about getting out across the country, outside of Washington, you see the concerns that are on the minds of hardworking Americans that make this country work…the last thing they need to hear is that there is a tax increase on the horizon…massive tax increase on hardworking Americans who have been pushed to the brink by Biden inflation that created 20% inflation, $1.6 trillion of regulation.' 'It's such a great honor to serve in President Trump's Administration…I bring 30 years of business experience to this role, but most importantly, I bring the heart of a small businessperson…so I know what small businesses go through every single day to make this country work—to make ours the greatest in the world—and President Trump is fighting for small businesses through fair trade, through deregulation and through low taxes.' # # # About the U.S. Small Business Administration The U.S. Small Business Administration helps power the American dream of entrepreneurship. As the leading voice for small businesses within the federal government, the SBA empowers job creators with the resources and support they need to start, grow, and expand their businesses or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit SBA HQ Press Team U.S. Small Business Administration [email protected]
Yahoo
29-05-2025
- Business
- Yahoo
Trump's SBA administrator visits Central Texas gun manufacturer
FLORENCE, Texas (KXAN) — The woman overseeing the Small Business Administration under President Donald Trump toured a Central Texas gun manufacturing facility Thursday morning as part of a nationwide tour. Kelly Loeffler, the Small Business Administration (SBA) Administrator, visited Staccato in Florence, about an hour north of Austin. KXAN was invited to join her exclusively. 'That's what the Small Business Administration is about, it's about creating opportunity for small businesses like this one that are creating jobs and economic growth across this country,' Loeffler said. 'We've proposed to Congress doubling our manufacturing loan size to $10 million from $5 million so that manufacturers can continue to grow and invest just like here.' Earlier this year, the SBA announced a 'Made in America Manufacturing Initiative' which it says will cut down on red tape and regulations, make loans more accessible and promote a local manufacturing workforce. You can read the full list of promises made under the initiative here. 'That's what President Trump's agenda is about, it's deregulation, it's tax cuts, it's economic opportunity and growth for all Americans,' said Loeffler. The initiative promises to 'support President Trump's manufacturing agenda, including tariffs to restore fair and reciprocal trade…' but some Central Texas businesses have expressed concern about the impact tariffs may have. We asked Loeffler about those concerns Thursday. 'Yeah, so when we hear the word 'tariff' think fair trade,' Loeffler responded. 'Our small businesses have been incredibly disadvantaged by unfair trade policies in the last 30 years that hollowed out this country…remember, manufacturing is 99% small businesses.' The same day a court blocked most of President Trump's tariffs. The ruling left tariffs in place the 25% tariffs on cars, car parts and foreign-made steel and aluminum. The Trump administration has already filed a notice planning to appeal to the Supreme Court. You can read more about that legal process and the latest ruling here. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Business Mayor
24-05-2025
- Business
- Business Mayor
Small Business Administration boosts manufacturing funding efforts
Dive Brief: The U.S. Small Business Administration is increasing funding opportunities to help small- and mid-sized manufacturers build, expand or enhance their operations. As part of its Made in America Manufacturing Initiative, the agency said it will provide three eligible applicants with up to $1.1 million total to deliver training and assistance to support small businesses in its Empower to Grow Program. Building on the initiative, legislation was recently introduced in both the House and Senate that would double the limits of 7(a) small business loans from $5 million to $10 million if approved by Congress. Dive Insight: President Donald Trump has made manufacturing a key pillar of his second term, with the SBA pledging to cut $100 billion in regulatory burdens and costs for small manufacturers as part of its Made in America initiative launched in March. The agency also said it would look to expand financing options and make it easier for people to qualify for small business loans. As part of its effort, the SBA announced a funding opportunity for organizations looking to help small manufacturers by offering free business courses, hands-on training and consulting to support growth in their operations and hiring. The SBA is looking to award up to $1.1 million to three applicants. Participants must be a for-profit or not-for-profit entity, including trade or professional associations and educational institutions. The deadline to submit proposals is May 12. 'With this new grant, the agency will accelerate the return of American supply chains, production power, and economic independence,' SBA Administrator Kelly Loeffler said in a statement. SBA 7(a) loan approvals skyrocketed 74% in the first 100 days of Trump's second term compared to the same period during former president Joe Biden's administration. The 7(a) program is a public-private partnership that offers guaranteed loans to help small businesses finance equipment purchases, acquisitions and working capital. In an effort to open up more funding to small businesses, Iowa Senator Joni Ernst and Texas Congressman Roger Williams introduced federal legislation that would increase the individual loan limits for 7(a) and 504 programs to $10 million. Similar proposals advocating for increased loan limits have failed over the years. So far this latest piece of legislation has received bipartisan support, including praise from the U.S. Chamber of Commerce. 'Doubling the U.S. Small Business Administration's (SBA) loan limit will free up capital small business owners use to increase employees' paychecks, broaden benefits, and expand operations,' Rodney Davis, head of government affairs at the Chamber of Commerce, said in a statement.
Yahoo
13-05-2025
- Business
- Yahoo
Small Business Administration boosts manufacturing funding efforts
This story was originally published on Manufacturing Dive. To receive daily news and insights, subscribe to our free daily Manufacturing Dive newsletter. Dive Brief: The U.S. Small Business Administration is increasing funding opportunities to help small- and mid-sized manufacturers build, expand or enhance their operations. As part of its Made in America Manufacturing Initiative, the agency said it will provide three eligible applicants with up to $1.1 million total to deliver training and assistance to support small businesses in its Empower to Grow Program. Building on the initiative, legislation was recently introduced in both the House and Senate that would double the limits of 7(a) small business loans from $5 million to $10 million if approved by Congress. Dive Insight: President Donald Trump has made manufacturing a key pillar of his second term, with the SBA pledging to cut $100 billion in regulatory burdens and costs for small manufacturers as part of its Made in America initiative launched in March. The agency also said it would look to expand financing options and make it easier for people to qualify for small business loans. As part of its effort, the SBA announced a funding opportunity for organizations looking to help small manufacturers by offering free business courses, hands-on training and consulting to support growth in their operations and hiring. The SBA is looking to award up to $1.1 million to three applicants. Participants must be a for-profit or not-for-profit entity, including trade or professional associations and educational institutions. The deadline to submit proposals is May 12. 'With this new grant, the agency will accelerate the return of American supply chains, production power, and economic independence,' SBA Administrator Kelly Loeffler said in a statement. SBA 7(a) loan approvals skyrocketed 74% in the first 100 days of Trump's second term compared to the same period during former president Joe Biden's administration. The 7(a) program is a public-private partnership that offers guaranteed loans to help small businesses finance equipment purchases, acquisitions and working capital. In an effort to open up more funding to small businesses, Iowa Senator Joni Ernst and Texas Congressman Roger Williams introduced federal legislation that would increase the individual loan limits for 7(a) and 504 programs to $10 million. Similar proposals advocating for increased loan limits have failed over the years. So far this latest piece of legislation has received bipartisan support, including praise from the U.S. Chamber of Commerce. 'Doubling the U.S. Small Business Administration's (SBA) loan limit will free up capital small business owners use to increase employees' paychecks, broaden benefits, and expand operations,' Rodney Davis, head of government affairs at the Chamber of Commerce, said in a statement. Recommended Reading Small Business Administration launches 'Made in America' manufacturing effort
