Meeting with the representatives of Small Business Administration

On November 30, 2010, the representatives of the Moldovan Association of Private ICT had the possibility to learn about the activities the Small Business Administration provides to enhance and help the small businesses from US, what programs the agency launches to foster innovative projects to be supported.

Created in 1953 as an independent agency of the federal government to aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall economy of our nation, the SBA helps Americans start, build and grow businesses. Through an extensive network of field offices and partnerships with public and private organizations, SBA delivers its services to people throughout the United States, Puerto Rico, the U. S. Virgin Islands and Guam.

Jane Boorman, Director of the International Visitors department has talked about the consultancy programs that are available all over the country for the small business representatives.

Ronald S. Cooper, Senior Policy Analyst has presented the Small Business Innovation Research Program sponsored by the US Government which helps SMEs develop their ideas.

According to the SBA, all the federal agencies give 2,5% of their R&D budget to SBA and their programs. 23% of the budget has to be offered only for the Small Companies, by law.