The Small Business Administration (SBA) is gathering information to evaluate the overall impact of the U.S. government shutdown on small businesses. During the 35-day partial government shutdown, SBA furloughed around 2,000 employees and grounded most loan operations of the agency. SBA Administrator Linda McMahon said all furloughed employees of the SBA were already given back pay the first week after the shutdown.
With the shutdown over, McMahon has focused her sights on 3 targets for 2019;
- The SBA is looking to exceed its 5 percent prime contracting target for women-owned small businesses.
- The SBA is currently waiting on the General Services Administration (GSA) to set parameters to implement the Veteran Small Business Enhancement Act which will provide veteran small business owners surplus property and equipment determined by GSA.
- The SBA has signed a memorandum of understanding with the Department of Agriculture to promote SBA programs in rural communities.
McMahon also believes that the SBA should serve as a role model for small business when it comes to cybersecurity. The SBA has already partnered with the Federal Bureau of Agency and the National Institute of Standards and Technology to provide cybersecurity workshops to owners of small businesses.