U.S. Sen. Jim Risch (R-Idaho) has proposed boosting the coffers of the SCORE Program run by the Small Business Administration. To offset the proposed increase in revenue that would go to SCORE, Risch proposes dropping the Program for Investment in Micro-Entrepreneurs (PRIME), also run by the SBA. In a statement announcing his proposal, Risch said:
“While I have certainly found areas for reform and repeal, such as the PRIME program, I have also been impressed by SCORE and the impact they make with very little taxpayer support. I believe that with a modest increase in their funding, they can serve thousands more entrepreneurs.”
SCORE is a non-profit organization that’s designed to offer free mentoring and other advice to small business owners. SCORE has been operating for 50 years. The organization has at least 11,000 people working for it covering more than 60 industries, according to SCORE’s website.
The bill to increase SCORE’s funding was just introduced to the Senate earlier this month. Senators have yet to take action on the measure. If it’s passed, SCORE funding would be increased to $10.5 million by 2015.