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NAACP Community & Economic Development

NAACP Community & Economic Development. Cassius Butts, Regional Administrator U.S. Small Business Administration. Small Businesses Drive the Economy. ~ 28 million in U.S. Account for about half of U.S. private sector payroll Created ~65% of net new jobs over the past 15 years.

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NAACP Community & Economic Development

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  1. NAACP Community & Economic Development Cassius Butts, Regional Administrator U.S. Small Business Administration

  2. Small Businesses Drive the Economy • ~28 million in U.S. • Account for about half of U.S. private sector payroll • Created ~65% of net new jobs over the past 15 years Source: SBA; Census; BLS

  3. The 3 C’s and the D • Capital • Contracts • Counseling • And the D- Disaster Assistance

  4. Capital • Best times in SBA lending • In the U.S.- Nearly 70,000 loans worth more than $30 billion in FY 2011 and it isn’t slowing down • In SBA Region 6 (Texas, Oklahoma, Louisiana, Arkansas, New Mexico), nearly $3 billion in SBA Loans in FY 2011

  5. Contracting • Largest purchaser of goods and services in the world • Small businesses receive at least 23% of federal contracts • Nearly $100 billion each year • SBA’s 8(a) Business Development Program

  6. Counseling • 900 Small Business Development Centers • 110 Women’s Business Centers • 12,000 participants in SBA’s SCORE Network

  7. Stay Connected in Your Community SBA Mobile App

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