SBA’s new Made in America initiative aims to cut $100B in regulation costs
Business Record Staff Mar 12, 2025 | 11:46 am
2 min read time
364 wordsAll Latest News, Economic Development, Manufacturing, Retail and BusinessU.S. Small Business Administration officials announced the agency’s new Made in America Manufacturing Initiative, designed to reduce red tape and regulatory costs, as well as offer resources to manufacturers.
As part of the Made in America Manufacturing Initiative, the SBA will:
- Cut $100 billion in regulatory costs through the Office of Advocacy, which works across federal agencies to identify and eliminate rules, policies and procedures that might disproportionately burden small businesses and manufacturers.
- Launch a Red Tape Hotline for small business owners and manufacturers to share feedback and submit regulations for review.
- Open the new Office of Manufacturing and Trade to offer small manufacturers dedicated resources and training in partnership with SBA field offices across the country.
- Reduce barriers to access for the 504 loan program, a zero-subsidy program that provides capital for real estate, construction and equipment purchases. Zero-subsidy means the program operates without ongoing taxpayer funding and is sustained by borrower and lender fees.
- Expand the use of the 7(a) Working Capital Pilot program, which provides financing to fund inventory purchases and export-related expenses for international markets.
- Promote a skilled manufacturing workforce by partnering with agencies, trade schools and private sector stakeholders.
- Support President Donald Trump’s manufacturing agenda, including trade tariffs, tax cuts on domestic production and 100% expensing retroactive to Jan. 20, 2025, for manufacturers.
As part of the initiative, representatives from the Office of Manufacturing and Trade will embark on a multistate Made in America Roadshow over the next two months, where they will host roundtables to gain feedback from small manufacturers.
“The great American comeback starts with restoring American industry,” SBA Administrator Kelly Loeffler said. “With the Made in America Manufacturing Initiative, we’re slashing red tape, expanding access to capital and fueling a manufacturing resurgence that will create high-paying jobs and revitalize communities across the country. By prioritizing American-made products, we’re not just securing our economic dominance — we’re protecting our national security by ensuring the essential goods we rely on are produced right here at home. SBA’s initiative is a promise to every hardworking American and small business owner: We’re putting American jobs and strength first.”
Loeffler formally launched the initiative and tour Tuesday at an aerospace and defense manufacturing facility in Indianapolis.