Texas Senate Bill SR316

Texas 2023 - 88th Regular

Caption

Recognizing March 15, 2023, as Texas Small Business Development Center Day.

Impact

The legislation acknowledges the tremendous contributions of the Texas SBDC Network over the years, including helping businesses access over $829 million in financing in 2022 alone. Additionally, the network is credited with saving nearly 17,000 jobs and creating around 10,500 new jobs, enhancing both economic stability and growth in the state. The resolution emphasizes the SBDC's role in promoting entrepreneurship by guiding small businesses through all stages of development, ultimately boosting the local and state economies.

Summary

Senate Resolution 316, introduced on March 15, 2023, recognizes this date as Texas Small Business Development Center Day at the State Capitol. The resolution highlights the importance of the Texas Small Business Development Center (SBDC) Network, which is part of a national program established to support small businesses by providing personalized assistance and training. The SBDC Network has been instrumental in helping small businesses navigate various challenges, particularly during economically turbulent times, such as the COVID-19 pandemic.

Sentiment

The sentiment surrounding SR316 is overwhelmingly positive, reflecting a bipartisan acknowledgment of the value that small businesses and the SBDC Network bring to Texas. Legislators expressed their appreciation for the network's efforts in supporting entrepreneurs and fostering job growth. The resolution serves not only as a celebration of small businesses but also as a reminder of the essential services that the SBDC provides to sustain and enhance economic vitality.

Contention

While SR316 primarily serves to recognize and celebrate the achievements of the Texas SBDC Network, discussions surrounding it may reveal sentiments regarding the strategic priorities of state funding and resources for small business support initiatives. Although the resolution lacks significant points of contention, it does raise questions about the adequacy of existing support systems and whether more can be done to assist small businesses in the face of ongoing economic challenges.