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.
FY2023 Budget Numbers
U.S. Department of Treasury: Financial Services and General Government Appropriations
| Program | FY2022 Funding Levels | FY2023 CAMEO Request |
|---|---|---|
| CDFI Fund | $295 million | $1 billion |
| CDFI BGP | $500 million | $500 million |
U.S. Small Business Administration: Financial Services and General Government Appropriations
| Program | FY2022 Funding Levels | FY2023 CAMEO Request |
|---|---|---|
| Microloan Program: Lending | $6 million | $110 million |
| Microloan Program: TA | $37 million | $41 million |
| PRIME | $7 million | $10 million |
| Women’s Business Centers | $24 million | $78 million |
| Small Business Development Centers | $138 million | $150 million |
| Veterans Business Outreach Centers | $16 million | $16 million |
U.S. Department of Agriculture: Agriculture, Rural Development and FDA Appropriations
| Program | FY2022 Funding Levels | FY2023 CAMEO Request |
|---|---|---|
| Rural Business Development Grants (RBDG) | $37 million | $40 million |
| Rural Microentrepreneur Assistance Program (RMAP) | $6.5 million | $8 million |
| Intermediary Relending Program (IRP) | $18.889 million | $20 million |
| Value Added Producer Grants | $13 million | $20 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
- CRA Modernization