SBA to Relocate Regional Offices from Sanctuary Cities Under New Leadership
Administrator Kelly Loeffler outlines sweeping policy changes, including office relocations, regulatory rollbacks, and new fraud prevention initiatives.
- The U.S. Small Business Administration (SBA) will move regional offices out of sanctuary cities like Denver to areas that comply with federal immigration laws, citing cost and accessibility benefits.
- New SBA Administrator Kelly Loeffler announced additional priorities, including eliminating the Office of Diversity, Equity, Inclusion, and Accessibility and pausing grants tied to prior executive orders.
- The agency plans to reduce the set-aside for disadvantaged businesses under the 8(a) contracting program from 15% to 5% while promoting a 'Made in America' agenda to support domestic manufacturing and technology startups.
- A new Fraud Working Group and Fraud Czar will address issues such as the estimated $200 billion in fraudulent loans from COVID-19 relief programs, with an emphasis on recovering taxpayer funds.
- Other initiatives include conducting a comprehensive financial audit, restricting SBA assistance to unauthorized immigrants and individuals with ties to hostile foreign entities, and rebranding the Office of International Trade.