Last week, the President announced details of a proposed federal reorganization of agencies involved in trade and business, including the Commerce Department and the Small Business Administration.
As part of the proposal, the SBA would be elevated to a Cabinet spot until the new department, focused on business competitiveness, can be stood up.
So what does the SBA’s elevation to the Cabinet mean for the federal employees who work there and the small businesses the agency promotes?
Guy Timberlake, the chief visionary officer at the American Small Business Coalition, joined In Depth with Francis Rose to discuss the perceived benefits of SBA’s elevation and what kind of changes it could bring to government and contractors.
“ Will any of this really make a difference for small businesses, especially those engaged in federal contracting? If so, when will it make a difference? Will this recent and the proposed merger actually do more harm than good by creating more confusion? Will it also increase the burden agencies and businesses currently face by piling on more process in an effort to streamline current processes (that already overtax the resources of these agencies and the businesses they are charged with supporting)?”