Chairwoman Velázquez on Trump Budget for 2021 | Small Business CommitteeBy Nydia M. Velázquez
Committee On Small Business
February 10, 2020
Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) released the following statement in response to President Trump’s 2021 Budget request: "Instead of serving as a blueprint for the future, the Trump budget seeks to slash the funding our small businesses rely on to stay competitive and innovative in a 21st century economy." "I am extremely disappointed that the Trump administration takes aim at the Small Business Administration by proposing to cut the agency's budget by 25 percent, while also proposing cuts to federal entrepreneurial development initiatives by $93 million, a clear disinvestment in the hardworking small businessmen and women across America. With across-the-board cuts to these programs, resource centers such as Small Business Development Centers (SBDCs), Women Business Centers (WBCs), Veteran Business Outreach Centers (VBOCs), and SCORE mentors throughout the nation will find it more difficult to provide technical assistance, mentoring, and education to entrepreneurs, especially in underserved communities.