Bill 118 s 2185, also known as the Small Business Development Centers Improvement Act of 2023, aims to enhance the effectiveness and efficiency of Small Business Development Centers (SBDCs) across the United States. SBDCs are organizations that provide assistance to small businesses in areas such as business planning, marketing, and financial management.
The key provisions of this bill include increasing funding for SBDCs to expand their services and reach more small businesses. It also calls for the establishment of performance metrics to evaluate the impact of SBDCs on the success of small businesses. Additionally, the bill seeks to improve coordination between SBDCs and other small business assistance programs to ensure that resources are being utilized effectively.
Overall, the Small Business Development Centers Improvement Act of 2023 aims to strengthen the support system for small businesses in the US by enhancing the capabilities of SBDCs and ensuring that they are able to provide high-quality assistance to entrepreneurs and small business owners.