Latest news with #Loeffler
Business Upturn
5 days ago
- Business
- Business Upturn
Administrator Loeffler Applauds House Passage of 'Save SBA from Sanctuary Cities Act'
By GlobeNewswire Published on June 6, 2025, 03:45 IST WASHINGTON, June 05, 2025 (GLOBE NEWSWIRE) — Today, Kelly Loeffler, Administrator of the U.S. Small Business Administration (SBA) applauded the U.S. House of Representatives' bipartisan passage of H.R. 2931, the Save SBA from Sanctuary Cities Act of 2025, which will support the agency's decision to relocate SBA field offices out of sanctuary jurisdictions that refuse to comply with federal immigration law. 'By harboring criminal illegal aliens, sanctuary cities jeopardize both the lives of American citizens and the livelihoods of our small businesses — which is exactly why the SBA is moving our field offices out of these lawless jurisdictions and into safer, more accessible communities that comply with federal law,' said Administrator Loeffler. 'This Administration is committed to ending the illegal invasion of our nation – and I am grateful for the bipartisan group of House lawmakers who voted in support of that agenda by passing the Save SBA from Sanctuary Cities Act of 2025.' In March, the SBA announced it would relocate six of its regional offices out of sanctuary cities, including Atlanta, Boston, Chicago, Denver, New York City, and Seattle. This decision was undertaken not only in support of President Donald J. Trump's Executive Order 14218 ending the taxpayer subsidization of open borders, but also as part of SBA's commitment to relocating field offices to safer, less costly, and more accessible communities. Under the leadership of Administrator Loeffler, the SBA has taken numerous steps to put American citizens first. Earlier this year, the agency announced it would require SBA loan applications to include a citizenship verification provision to ensure only legal, eligible applicants have access to taxpayer-funded SBA loan programs. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Yahoo
5 days ago
- Business
- Yahoo
Administrator Loeffler Applauds House Passage of 'Save SBA from Sanctuary Cities Act'
H.R.2931 supports SBA decision to relocate field offices out of sanctuary jurisdictions WASHINGTON, June 05, 2025 (GLOBE NEWSWIRE) -- Today, Kelly Loeffler, Administrator of the U.S. Small Business Administration (SBA) applauded the U.S. House of Representatives' bipartisan passage of H.R. 2931, the Save SBA from Sanctuary Cities Act of 2025, which will support the agency's decision to relocate SBA field offices out of sanctuary jurisdictions that refuse to comply with federal immigration law. 'By harboring criminal illegal aliens, sanctuary cities jeopardize both the lives of American citizens and the livelihoods of our small businesses — which is exactly why the SBA is moving our field offices out of these lawless jurisdictions and into safer, more accessible communities that comply with federal law,' said Administrator Loeffler. 'This Administration is committed to ending the illegal invasion of our nation – and I am grateful for the bipartisan group of House lawmakers who voted in support of that agenda by passing the Save SBA from Sanctuary Cities Act of 2025.' In March, the SBA announced it would relocate six of its regional offices out of sanctuary cities, including Atlanta, Boston, Chicago, Denver, New York City, and Seattle. This decision was undertaken not only in support of President Donald J. Trump's Executive Order 14218 ending the taxpayer subsidization of open borders, but also as part of SBA's commitment to relocating field offices to safer, less costly, and more accessible communities. Under the leadership of Administrator Loeffler, the SBA has taken numerous steps to put American citizens first. Earlier this year, the agency announced it would require SBA loan applications to include a citizenship verification provision to ensure only legal, eligible applicants have access to taxpayer-funded SBA loan programs. CONTACT: SBA HQ Press Team U.S. Small Business Administration press_office@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
29-05-2025
- Business
- Yahoo
Trump's SBA administrator visits Central Texas gun manufacturer
FLORENCE, Texas (KXAN) — The woman overseeing the Small Business Administration under President Donald Trump toured a Central Texas gun manufacturing facility Thursday morning as part of a nationwide tour. Kelly Loeffler, the Small Business Administration (SBA) Administrator, visited Staccato in Florence, about an hour north of Austin. KXAN was invited to join her exclusively. 'That's what the Small Business Administration is about, it's about creating opportunity for small businesses like this one that are creating jobs and economic growth across this country,' Loeffler said. 'We've proposed to Congress doubling our manufacturing loan size to $10 million from $5 million so that manufacturers can continue to grow and invest just like here.' Earlier this year, the SBA announced a 'Made in America Manufacturing Initiative' which it says will cut down on red tape and regulations, make loans more accessible and promote a local manufacturing workforce. You can read the full list of promises made under the initiative here. 'That's what President Trump's agenda is about, it's deregulation, it's tax cuts, it's economic opportunity and growth for all Americans,' said Loeffler. The initiative promises to 'support President Trump's manufacturing agenda, including tariffs to restore fair and reciprocal trade…' but some Central Texas businesses have expressed concern about the impact tariffs may have. We asked Loeffler about those concerns Thursday. 'Yeah, so when we hear the word 'tariff' think fair trade,' Loeffler responded. 'Our small businesses have been incredibly disadvantaged by unfair trade policies in the last 30 years that hollowed out this country…remember, manufacturing is 99% small businesses.' The same day a court blocked most of President Trump's tariffs. The ruling left tariffs in place the 25% tariffs on cars, car parts and foreign-made steel and aluminum. The Trump administration has already filed a notice planning to appeal to the Supreme Court. You can read more about that legal process and the latest ruling here. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
28-05-2025
- Business
- Yahoo
Mass. Sen. Markey, Rep. Neal call on feds to keep Springfield Small Biz Admin office open
A cadre of Massachusetts pols is calling the head of the U.S. Small Business Administration to keep the agency's satellite office in Springfield open and fully staffed after it was 'inexplicably" targeted for closing by the Elon Musk-helmed Department of Government Efficiency. The office, currently located at 1 Federal St. in Springfield, was among 17 leases that the quasi-governmental DOGE terminated during a flurry of actions in March, MassLive previously reported. The lease on the 894-square-foot space had been set to end in June 2028. The decision leaves Western Massachusetts, and the Pioneer Valley specifically, 'without access to vital SBA services and support,' Democratic U.S. Sens. Ed Markey and Elizabeth Warren wrote to SBA Administrator Kelly Loeffler in a letter shared exclusively with MassLive. 'With this office closure, the Trump administration is continuing its nonsensical war against small businesses, dismantling the infrastructure that supports them and undermining the foundation of American entrepreneurship,' Markey and Warren wrote in the letter set to be made public on Wednesday. They were joined on the letter by U.S. Reps. Richard Neal, D-1st District, and James P. McGovern, D-2nd District, whose constituents would be hit by the office's closing. Loeffler, a former corporate executive, former Republican U.S. senator from Georgia, and a staunch ally of President Donald Trump, has been making deep cuts at an agency that's a critical resource for small business owners across the country, The New York Times reported last week. The changes, which include rolling back access to credit, have hit businesses run by women, immigrants, and people of color, as the Republican White House also rolls back diversity, equity and inclusion efforts across the government, the newspaper reported. Markey, the ranking Democrat on the Senate's Small Business and Entrepreneurship Committee, has pressed Loeffler for information on the changes. But she has ignored those inquiries, the Malden Democrat told the newspaper. 'It's unconscionable that the Trump administration would treat such a vital agency so callously,' Markey told the Times. 'They're destroying the areas where they do have expertise and it's vital to invest, and then moving over areas where the agency is going to wind up overwhelmed,' Markey continued. That includes inheriting a $1.66 trillion student loan portfolio from the mostly gutted U.S. Department of Education, according to the Times. In their letter Loeffler, Markey and the other Bay State pols noted that the lease for the Springfield SBA office costs less than $61,000 a year, and that there are no longer any workers in that office because they've since left. And there are no current plans to relocate it or to hire new employees, they wrote. Without an outpost in Springfield, the nearest extant SBA office is in Boston, they wrote. Shuttering the Federal Street office 'will place a tremendous burden on small business owners, forcing them to take time away from their work and drive hours — in some cases a six-hour round trip," they wrote. The half-century-old agency expanded rapidly during the COVID-19 pandemic, swelling to 10,000 employees, which dropped to 6,000 under the former Biden administration, the Times reported. It was expected to contract more after that. The agency's lending arm doled out $56 billion last year, and its flagship loan program is generally supposed to operate without a government subsidy, the newspaper reported. In March, the Trump administration announced it was cutting the agency's staff by 43%, or about 2,700 employees. Current and former agency employees told the Times that the reductions were not organized. In addition to their plea, the Massachusetts lawmakers also sent Loeffler a series of questions, giving the SBA until Friday to respond. They include identifying the person, or persons, who approved the decision to spike the Springfield lease, the justification that was provided for that decision, whether there are plans to relocate it, and how the agency intends to serve small business owners in the western part of the state. 'The SBA's physical presence in Springfield, Massachusetts, ensures that entrepreneurs in underserved communities, particularly those in rural areas, have the resources they need to compete,' the lawmakers wrote. 'Closing the Springfield district office is a grave mistake that will hurt small businesses, harm job creation, and weaken the economic foundation of our region,' they wrote. A 'historic battle': Mass pols protest Medicaid cuts in 'Big Beautiful Bill' | John L. Micek Trump administration orders pause on scheduling student visa applicant interviews 'Worth fighting for': Community members, fellow students rally to Harvard's cause 'Devastating impact': Trump's attacks on Harvard could cost Mass. millions, Healey warns Gaming Commission grants Western Mass $3.2 million in casino mitigation funds Read the original article on MassLive.
Yahoo
20-05-2025
- Sport
- Yahoo
Eagles Hurts May Have Long-Term Backup in Place
The Philadelphia Eagles made a subtle yet strategic move by selecting quarterback Kyle McCord in the sixth round of the 2025 NFL Draft. Though the former Syracuse standout won't be challenging Super Bowl MVP Jalen Hurts for the starting job anytime soon, his selection reveals a calculated long-term vision for the Eagles' quarterback room. As training camp approaches, the Eagles' quarterback depth chart appears largely settled. Hurts remains entrenched as the franchise cornerstone, while second-year signal-caller Tanner McKee has seemingly solidified his position as the primary backup after impressing coaches during limited opportunities last season. Advertisement For McCord, this means a rookie campaign likely spent competing with recently acquired Dorian Thompson-Robinson for the third quarterback spot – a position that saw limited action under the NFL's emergency quarterback rules introduced in 2023. Despite his sixth-round draft position (181st overall), McCord's collegiate resume suggests a player with untapped potential. The 6-foot-3, 218-pound quarterback took a unique path through college football's elite programs, transferring to Syracuse after starting for Ohio State in 2023. The move to the Orange proved transformative, as McCord erupted for an ACC-record 4,779 passing yards in his lone season at Syracuse, earning All-ACC honors to complement his previous All-Big Ten selection with the Buckeyes. His distribution skills were particularly impressive, with four Syracuse receivers finishing the season with over 60 catches each. Perhaps most intriguing about McCord's arrival in Philadelphia is his deep-rooted connection to newly hired quarterbacks coach Scot Loeffler. Their relationship dates back nearly a decade, when Loeffler – then Boston College's offensive coordinator – offered McCord his first scholarship while the quarterback was still in eighth grade. McCord played high school ball at St. Joseph's Prep in Philadelphia before his college journey, making this something of a homecoming. Advertisement Loeffler, hired in February after four seasons as Bowling Green's head coach, brings continuity to a coaching position that saw turnover when previous quarterbacks coach Doug Nussmeier departed to become offensive coordinator for the New Orleans Saints. While Eagles fans shouldn't expect to see McCord taking meaningful snaps in 2025, his selection fits a pattern of shrewd quarterback management employed by general manager Howie Roseman. McKee has shown enough potential that he'll likely command significant money as a backup when his rookie deal expires. By drafting McCord now, the Eagles ensure they'll have a developed, cost-controlled backup ready when that time comes. It's a strategy that has paid dividends for Philadelphia before. The team famously drafted and developed backup quarterbacks like A.J. Feeley, Kevin Kolb, and Nick Foles – all of whom either contributed significantly on the field or returned valuable draft capital in trades. For now, McCord will focus on absorbing the Eagles' offensive system while refining his mechanics under Loeffler's guidance. Philadelphia's quarterback room, featuring a superstar starter in Hurts and promising young talent in McKee, Thompson-Robinson, and now McCord, ranks among the league's deepest. Advertisement The sixth-round selection may have flown under the radar on draft weekend, but for an organization with Philadelphia's track record of quarterback development, McCord represents another carefully placed piece in their long-term roster construction strategy. Related: Eagles Must Learn Dangerous 'Leak' Lesson With Douglas Reunion Related: Eagles Tush Push Update Promises History-Making Move
