What are SBAs Community & Public Policy Goals?
Community Development Goals: • Improving, diversifying or stabilizing the economy of the locality • Stimulating other business development in the community • Bringing new income into the community • Assisting manufacturing firms (NAICS Codes 31, 32 and 33) • Assisting business in a labor surplus area • Enhanced economic competition though advancement of technology, plant retooling, or conversion to robotics Public Policy Goals • Revitalize a business district of a community with a written revitalization or development plan • Expand exports: The business must derive a least 10% of its revenue from export sales at the time of the project or will be 10% of the business’s revenue as a result of the project • Aiding rural development • Changes necessitated by federal budget cutbacks • Change required by a federally mandated standard such as health, safety & environment • Expand minority business development (owned 51% or more by minority business person) • Expand women-owned business develo
