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NASE Calls for Congress to Address Full Year Federal Funding
NASE joined the leading small business organizations to call on Congress to fully fund the federal government for FY24.
The letter is clear, the funding game of chicken continues to disproportionally impact small businesses, "aside from the broader economic ramifications, the effects of a government shutdown would be felt by small businesses immediately; whether they are engaged in government contracts, receive federal loans or assistance, or if they rely on federal data for day to day activities. The 2018 government shutdown delayed over $2 billion in federal loans to small businesses as the Small Business Administration was unable to make new loans. Delays such as these disrupt not only the day to day operations of small businesses, but they put budgets in limbo, resulting in business owners putting off necessary purchases or hiring additional staff. The impacts of government shutdowns are especially damaging for small businesses because they don’t have the same resources as large companies to absorb even short term losses. Most small businesses operate on tight, carefully planned budgets and even minor disruptions can threaten stability."
Read the full letter.