Federal Policy

2023 Federal Legislative Priorities for Micro-business Development

Most of CAMEO’s work at the federal level involves ensuring that our members are properly resourced, i.e. federal appropriations for the SBA programs, USDA business assistance programs and the CDFI Fund.  We are also working with the Responsible Business Lending Coalition on truth-in-lending at a national level.

Find out which federal agencies fund micro-business development.

FY2024 Budget Numbers

 U.S. Department of Treasury: Financial Services and General Government Appropriations

ProgramFY2023 Funding LevelsFY2023 CAMEO Request
CDFI Fund$324 million$1 billion
CDFI BGP$500 million$500 million

U.S. Small Business Administration: Financial Services and General Government Appropriations

ProgramFY2023 Funding LevelsFY2024 CAMEO Request
Microloan Program: Lending$6 million$115 million
Microloan Program: TA$41 million$43 million
PRIME$8 million$12.5 million
Women’s Business Centers$27 million$30 million
Small Business Development Centers$140 million$160 million
Veteran Programs$17.5 million$19 million

U.S. Department of Agriculture: Agriculture, Rural Development and FDA Appropriations

ProgramFY2022 Funding LevelsFY2023 CAMEO Request
Rural Business Development Grants (RBDG)$37 million$42 million
Rural Microentrepreneur Assistance Program (RMAP)$6 million$8 million
Intermediary Relending Program (IRP)$18.889 million$21 million
Value Added Producer Grants$13 million$21 million

Priorities for advocacy at the federal level include:

  • Appropriations: SBA, CDFI, USDA
  • Reauthorization of WBC, SBDC, SCORE programs
  • Federal Truth In Lending
  • Dodd-Frank 1071 data collection rules / CFPB Support
  • Legal challenges to minority funding initiatives