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Small Business Support: Enhanced Reporting and Service Marketing

This Act amends the Small Business Act to improve small business support programs. It requires annual reporting on activities and outcomes, permits Small Business Development Centers (SBDCs) to allocate budget for marketing, establishes a data collection working group, and updates funding and confidentiality provisions.
Key points
Mandates annual reports on entrepreneurial development programs, including detailed data on activities, funding, and outcomes.
Allows Small Business Development Centers (SBDCs) to use up to 10% of their budget for marketing and advertising services.
Establishes a Data Collection Working Group to determine the best methods for conducting data collection and improving systems.
Updates funding authorizations for fiscal years 2023 through 2026 and adjusts financial reserve limits.
Expands confidentiality protections to include email addresses and the nature or content of assistance provided.
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Additional Information
Print number: 117_S_5175
Sponsor: Sen. Cardin, Benjamin L. [D-MD]
Process start date: 2022-12-01