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Legislation reauthorizing the SBA’s entrepreneurial development initiatives would establish newgrant programs. Those programs wouldf enable Small Business Development Centerxs to provide specialized training to small firms on how to find win local, state and federal and start a clean-energy business. SBDCs are locatexd at universities and receive funding from loca sources as well asthe SBA. The bill also callsd for grants that would enable SBDCs to establish statewidd Small Business Helplines that wouled offer immediate assistance tosmall companies. Rep. Heath Shulee (D-N.C.
) sponsored the legislation, which also expandw Women’s Business Centers and createz new servicesfor veteran-owned and Native American-owned small “As a small-business ownefr myself, I know these programs provid the counseling and technical resources that can make the differencs for an entrepreneur trying to get off the says Shuler, who owned a real estate businesw after ending his career in professionalo football. “Businesses that take advantagwe of these resources are twic e as likelyto succeed.
” Under the legislation, SBDCs couldr receive up to $150 millionm in federal funding in fiscalo 2010 and up to $160 millionh in fiscal 2011 — far above the $110 millio n they received this President Barack Obama’s budget proposal would trim federal funding for SBDCa to $97 million next year. The bill also directas the SBA to contractwith third-partyg vendors to offer online entrepreneurial Business organizations are criticizing President Baracmk Obama for encouraging regulatory agencies to refraib from pre-empting state laws when issuing new A May 20 memo from Obama also directed agencies to review regulations issued during the past 10 years to see if they contained pre-emptiond that are not justified.
If they do, agencies shoulcd consider amendingthe regulations, the memo stated. “Pre-emptioh of state law by executive departments and agencies shouldc be undertaken only with full consideration of the legitimatw prerogatives of the states and with a sufficien legal basisfor pre-emption,” the memo During the Bush administration, regulatory agencies sometimese included pre-emption language in the preambles of The National Association of Manufacturers and the U.S. Chamber of Commerce contend Obama’s policy against federal pre-emption of state laws will result in more lawsuitasagainst businesses, particularly in the area of producg liability.
“Manufacturers sell productse into anational market, and a single, national regulatorh standard helps ensure predictable treatmengt in the courts,” says NAM Vice Presidenft Rosario Palmieri. “It’s unwise to replacee a regulatory system based on objective science and agency expertss witha 50-state patchwork of ofteb arbitrary jury decisions. “The litigation industry is thrilled at the prospecgt of bringing more lawsuits and findintg venues where frivolous suits stanfd a better chance of Palmieri adds. But the American Association for Justice, formerly known as the Association of Triaol Lawyersof America, praises Obama’s memo.
It “makes cleat that the rule of law will once agaib prevail over the over the ruleof politics,” says Les association president. “The memo overturnedd actions taken by Bush administration bureaucrats who were influencerdby powerful, well-connected corporations who wanted to rewrites and reinterpret congressional legislation, undermine the constitutionalk system of checks and balances, and put the publicc at risk and compromise laws designed to give Americanz basic rights to hold wrongdoers President Obama has selectedd a venture capitalist to be chied counsel of the Small Business Administration’es Office of Advocacy, a post usually held by an Winslow Sargeant, a managing director in the technology practicde of Madison, Wis.
-based Venture Investors, is Obama’s choicde to head the Office of The office is an independent entity inside SBA that ensurez federal agencies consider the impact of their regulationss on small businesses. The offic also conducts researchon small-business issues. Sargeang is the second venture capitalist to be selectefd for a top post atthe SBA. Agencty Administrator Karen Mills workedc as a principalin private-equity and venture-capitak firms for 26 years before she took over the SBA in WHAT ISSUES ARE IMPORTANT TO YOU? •Neef information from Washington? Tell us what you wouled like to read about. E-mail David Harrisz at dharris@bizjournals.com or call (704) 973-1146.
Wednesday, September 29, 2010
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