Congress Urged to Safeguard Essential Support for Entrepreneurs
SCORE, the country's largest network of volunteer business mentors, is calling for immediate action to protect federal funding critical to supporting small business owners. This funding has been proposed for elimination in the federal budget, a move that poses a significant threat to the future of the 300,000 entrepreneurs and small business owners SCORE assists annually across the nation.
The Impact on Small Businesses
Since its inception, SCORE has empowered more than 17 million entrepreneurs, enabling them to establish, grow, and sustain businesses that are essential to the American economy. The urgency of preserving its federal funding can't be overstated. The CEO of SCORE highlighted the dire situation, stating that without this support, the program's effectiveness in guiding entrepreneurs could be severely diminished, endangering thousands of small businesses.
Funding Significance
SCORE's federal funding of $17 million has shown an impressive return on investment, generating approximately $45.42 in federal tax revenue for every dollar spent. Cutting this funding would not only harm small business owners but also negatively influence local communities reliant on small business development. The loss would be felt nationwide, impacting growth and innovation.
Volunteer Efforts Make a Difference
In 2024, SCORE's impactful volunteer network achieved remarkable results, including the launch of nearly 60,000 new small businesses, the creation of over 140,000 jobs, and dedication of more than four million hours to mentoring and training. This community of 10,000 seasoned professionals exemplifies commitment to supporting aspiring business owners.
Testimonials Highlighting SCORE's Value
Entrepreneurs have shared their stories of success, crediting SCORE with their survival and growth in a competitive marketplace. One mentor emphasized the vital role that experienced coaching plays in small business success, remarking that the elimination of funding would be detrimental to many who depend on SCORE's guidance.
Clients also reflected on their experiences, illustrating how SCORE's free mentoring, workshops, and local chapter resources have profoundly impacted their journeys. Their testimonials provide a powerful reminder of the support SCORE provides and the significant difference it makes.
Urgent Call to Action
SCORE is rallying business owners and supporters to contact their congressional representatives. It is crucial to convey one clear message: action must be taken to protect SCORE and, in turn, support American small businesses. Now is the time for individuals to unite and advocate for the future of small business mentorship across the country.
About SCORE
Established in 1964, SCORE has been instrumental in helping millions of entrepreneurs achieve their dreams. With 10,000 dedicated volunteers across all 50 states and territories providing expert mentoring, resources, and educational opportunities, SCORE's ongoing commitment to fostering small businesses is evident.
Frequently Asked Questions
What is SCORE?
SCORE is a nationwide nonprofit organization that provides free mentoring to small business owners and entrepreneurs, helping them succeed in their ventures.
Why is federal funding important for SCORE?
Federal funding enables SCORE to maintain its programs and provide invaluable services and resources to small business owners at no cost.
How can I get involved with SCORE?
You can volunteer your expertise as a mentor or take advantage of SCORE's free business resources and workshops available in your area.
What are some achievements of SCORE in the past year?
In the last year, SCORE helped launch 59,447 new small businesses and created 143,623 new jobs through its mentoring and resources.
What should I do to support SCORE?
Contact your congressional representatives to advocate for the preservation of federal funding for SCORE, ensuring continued support for small business mentorship.
