Trump Faucets Wrestling Govt To Lead Small Business Administration

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Dec 12th, 2016
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Donald Trump has picked Linda McMahon, co-founder of professional wrestling firm WWE , to steer his Small Business Administration, his transition crew stated Wednesday. Detroit auto present begins amid Trump tensionsDETROIT – Common Motors Co. Chief Executive Mary Barra’s role as one in all 20 business advisers to Donald Trump on economic issues and jobs growth was dealt a jolt shortly after the New 12 months, with the president-elect criticizing the auto maker’s manufacturing plans in a tweet.

In keeping with the mandate of Section 15(g) of the Small Business Act, SBA’s Office of Government Contracting sets goals with other federal departments and companies to achieve the statutory objective of 23 % in prime contract dollars to small businesses.

The SBA is permitted below this program to make direct loans to eligible and qualified middleman lenders who will use those mortgage proceeds to make short-term, fixed-interest rate loans to start-up, newly established and growing small business considerations.

This interim remaining rule implements Section 521 of Division E the Consolidated Appropriations Act, 2016, which authorizes initiatives accredited for financing beneath Title V of the Small Business Funding Act to incorporate the refinancing of qualified debt.

By means of the Regional Innovation Strategies Program (RIS Program”), the centerpiece of the Regional Innovation Program, EDA at present awards grants for capacity-building packages that provide proof-of-concept and commercialization assistance to innovators and entrepreneurs and for operational support for organizations that provide important early-stage funding to startup companies.

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