Congress Increases Funding to SCORE in the 2010 Federal Budget Additional $2 Million to Support Job and Business Creation in the U.S. Economy
Washington, D.C. – Recognizing the job creation success of SCORE, Congress approved funding of $7 million for SCORE as part of the 2010 Omnibus Appropriations Bill. SCORE provides start-up entrepreneurs and small business owners with mentoring, coaching, training and resources. SCORE helps entrepreneurs create businesses, jobs and profitable growth through a network of 12,400 volunteers and 364 offices nationwide. Learn more at www.score.org.
The increase in funding will help SCORE implement new initiatives targeted at improving client service, access and quality. These include:
- Develop and implement a new mentoring methodology to significantly increase business survival rates and create new jobs
- Recruit more skilled and diverse mentors to meet the wide-ranging and growing needs of today’s entrepreneurs
- Increase organizational capacity, such as sourcing and hiring field staff, to enable increased client focus, ensure client satisfaction, and increase efficiency and effectiveness
- Create new educational resources, including a certified business plan development program and standardized templates to maximize start-up success
The $7 million appropriation for SCORE is an increase of $2 million, or 40 percent. The association last received an increase in fiscal year 2002, when its appropriation was set at $5 million.
Rep. Debbie Wasserman Schultz of Florida, one of the key members of the conference committee, says, “I was honored to help to secure $7 million in federal funding for SCORE in the 2010 fiscal year.” Wasserman Schultz adds, “In times like these, when the stark reality of unemployment and economic difficulty is evident in all of our lives, it is important to have a strong organization like SCORE to provide much-needed services to small businesses that are struggling to succeed.”
SCORE CEO Ken Yancey says, “SCORE is dedicated to the success of America’s entrepreneurs and small business owners. The additional funding from Congress will help SCORE grow 1 million small businesses in the next seven years.” Yancey adds, “The increase in SCORE’s appropriation by Congress represents an investment in creating jobs, growing client services and increasing local small business success. The SCORE Foundation also raises corporate and private funds to support the mission of SCORE.”
Since 1964, SCORE has helped more than 8.5 million aspiring entrepreneurs and small business owners through mentoring and workshops. More than 12,400 volunteer business counselors in 364 chapters serve their communities through entrepreneur education dedicated to the formation, growth and success of small businesses.