FIRST ON FOX: Newly-confirmed Small Enterprise Administration (SBA) administrator Kelly Loeffler is unveiling the company’s high priorities over the following 4 years as she goals to work with President Trump to create a “golden period of prosperity and progress.”
Loeffler, confirmed within the Senate by a 52–46 margin final week, issued a “Day One” memo on Monday outlining the highest priorities for the company that shall be tasked with the directive to “perform President Trump’s America First agenda and empower small companies to thrive” and to change into an “America First engine without cost enterprise.”
The primary precedence on the listing is selling a “Made in America” agenda to spice up U.S. manufacturing.
“The overwhelming majority of America’s producers are small companies, and SBA applications have powered tens of 1000’s of them,” the memo states. “This company is dedicated to supporting the America First agenda by rebuilding American provide chains and investing in manufacturing to strengthen our financial system and nationwide safety.”
PRESIDENT TRUMP LOOKS TO BRING MANUFACTURING BACK TO US WITH TARIFFS
New Small Enterprise Administration chief Kelly Loeffler launched a memo outlining her high targets over the following 4 years. (Getty)
“The company will rework its Workplace of Worldwide Commerce into the ‘Workplace of Manufacturing and Commerce’ – which can deal with selling financial independence, job creation, and honest commerce practices to energy the following blue-collar increase. SBA can even accomplice throughout companies to scale modern manufacturing and expertise startups that may assist our nation return to ‘Made in America.’”
Since being sworn in as president for the second time, Trump has been vocal about eliminating range, fairness and inclusion (DEI) from the federal authorities whereas additionally tasking Tesla CEO Elon Musk with main the hassle to chop wasteful spending with the Division of Authorities Effectivity (DOGE).
Loeffler’s memo states that the SBA intends to be an ally in each of these efforts and says it’ll implement Trump’s government orders, together with “Defending Ladies from Gender Ideology Extremism and Restoring Organic Reality to the Federal Authorities,” “Ending Radical and Wasteful Authorities DEI Packages and Preferencing,” and “Unleashing American Vitality.”
BIDEN GAVE AMERICANS THE BUSINESS. TRUMP IS GIVING US BUSINESSMEN
Then-Republican Sen. Kelly Loeffler speaks throughout a marketing campaign occasion at Valdosta Regional Airport in Valdosta, Georgia, Dec. 5, 2020. (REUTERS/Dustin Chambers)
The memo says that the SBA will “proceed working intently” with DOGE and “prioritize eliminating fraud and waste throughout the company, to make sure American taxpayer {dollars} are utilized in the best approach attainable to profit small companies and financial progress and resilience.”
The company will work to eradicate wasteful spending and fraud with a “zero-tolerance coverage” that may contain fraud investigations throughout all applications and appointing a “Fraud Czar” to “establish, cease, and claw again criminally obtained funds on behalf of American taxpayers – working throughout companies to forestall fraud.”
The SBA can even conduct an agency-wide monetary audit.
“As fraud has risen, so too have delinquencies, defaults, and charge-offs on mortgage applications, exacerbated by the earlier Administration’s lax mortgage underwriting, servicing, and assortment efforts,” the memo states. “Consequently, SBA has been unable to satisfactorily full a monetary audit for a number of consecutive years. Due to this fact, the company will request an impartial audit of its financials to handle mismanagement, restore the credibility of monetary statements, and protect the solvency of public-private applications just like the 7(a) lending program and the Small Enterprise Funding Firm (SBIC) program, that are designed to drive financial progress with out taxpayer subsidy.”
Final month, Trump advised federal staff working from house that they would wish to return to the workplace or face termination, which is a sentiment echoed by Loeffler, who stated in her memo that each one non-exempt staff will report back to work in individual on Monday for 5 days per week.
Trump’s immigration agenda can even be furthered by the SBA, in keeping with the memo, which can ban unlawful immigrants from receiving SBA help whereas additionally “proscribing hostile international nationals from accessing SBA help.”
The memo outlines quite a lot of ways in which the company will work on “empowering small companies,” together with a strike power to chop rules, bettering customer support and cybersecurity, selling honest competitors, and relocating places of work outdoors of sanctuary cities.
Fox Information Digital beforehand reported that the SBA has confronted criticism in recent times in the course of the Biden administration from the Republican-led Small Enterprise Committee, which issued a subpoena and alleged that the company failed to show over info associated to efforts to funnel sources to assist register swing state voters. Republicans argued these efforts have been unconstitutional, and Loeffler’s memo pledges that the registration efforts in query shall be ended.
Former Sen. Kelly Loeffler, a Republican from Georgia, speaks throughout Erick Erickson’s The Gathering occasion in Atlanta on Friday, Aug. 18, 2023. (Alyssa Pointer/Bloomberg through Getty Photos)
“The SBA will finish all taxpayer-funded voter registration actions – beginning by rescinding the company’s 2024 MOU with the Michigan Secretary of State’s workplace, which compelled SBA district places of work to conduct partisan voter registration on behalf of the earlier Administration,” the memo states. “As an alternative, the company will return its focus to its founding mission of empowering job creators, delivering catastrophe aid, and driving financial progress.”
Loeffler, who served as a senator in Georgia from 2020-2021, appeared earlier than the Senate Small Enterprise and Entrepreneurship Committee on Jan. 28 to stipulate her imaginative and prescient and promised that Trump’s insurance policies would “restore the small enterprise financial system” and would result in a “golden period of prosperity and progress.”
“Small companies are the spine of our nation, driving innovation, job creation, and prosperity – and there’s no stronger advocate for small enterprise than President Trump or myself. However during the last 4 years, the SBA has burdened entrepreneurs with paperwork – with its applications turning into mired in fraud, waste, and abuse,” Loeffler advised Fox Information Digital in a press release.
“That adjustments right now. My first precedence is rebuilding the SBA into an America First engine without cost enterprise – by empowering small companies and fueling financial progress.”
