Posted by Kristin Oberlander - This post is the last in a four-part series on the Small Business Jobs and Credit Act, which was signed into law last month. The following is a summary of the increase in training and counseling provisions within the law. Many thanks to the Small Business Administration for providing this information.
- Major Investment in Counseling and Training - In coming months, the law will provide $50 million in grants available to Small Business Development Centers.
- Export Express Pilot Becomes Permanent - The law turns the Export Express pilot loan program into a permanent program with 90% guarantees for loans up to $350,000 and 75% for loans between $350,000 and $500,000.
- State Trade and Export Promotion Grants Pilot - In coming months, the law will provide $90 million in competitive grants over next three years for states to help small business owners with exporting.
To read the entire list of small biz provisions in the Jobs Act, visit http://www.sba.gov/jobsact/.