
The episode discusses the critical role of small businesses in the U.S. economy with Bill Briggs from the SBA.
99% of all US businesses and almost 46% of American employees are, or work for, a small business. Although a small business is defined as having less than 500 employees, American small businesses are responsible for over 88% of net job growth. That means that America's economy, and the world's economy, rest on the backs of small businesses. The Small Business Administration plays a critical role in the success of small businesses; including those owned and operated by American Veterans. From business planning, strategy design, funding and specialty certification programs the SBA is one of the primary pillars creating and supporting economic impact. In this episode, Fran Racioppi sat down with Bill Briggs, Deputy Administrator of the U.S. Small Business Administration , to break down the SBA’s 3C’s and a D: Capital, Counseling, Contracting and Disaster. Deputy Administrator Briggs explained the real challenges business owners face, especially around cash flow, capital access, and navigating competitive marketplaces. He shared the history of the SBA and its grounding in the Small Business Act of 1953, when the post war period identified that small businesses are not…
Host: Fran Racioppi
Guest: Bill Briggs
Organizations: U.S. Small Business Administration, Small Business Administration, Small Business Act of 1953
Places: United States, America
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