WASHINGTON — The Small Business Administration (SBA) and the U.S. Department of Labor (DOL) announced Wednesday they are joining forces in an effort to help bolster U.S. manufacturing.
SBA Administrator Kelly Loeffler and Secretary of Labor Lori Chavez-DeRemer announced the move during an event at the DOL on Wednesday morning. Chavez-DeRemer and Loeffler also signed a Memorandum of Understanding (MOU) aiming to revitalize American manufacturing.
“The president is reviving our manufacturing industry that was neglected for so long,” Chavez-DeRemer said at the event.
“By joining forces, we are able to expedite support for domestic manufacturers, better recruit veterans, service members and military spouses into the field, and grow our apprenticeship networks of sponsors, grantees and participants,” the Labor Secretary added. “Serving as another great step toward growing participation in apprenticeships, partnering with SBA brings us even closer to this administration’s goal of creating one million apprentices, new and active.” (RELATED — EXCLUSIVE: Majority Of Small Business Owners Are Optimistic About Trump Policies, Survey Says)
“Our workers were tied up in red tape and burdened by economic bad policy,” Chavez-DeRemer continued. “Now we’re reigniting the economy, slashing government waste, lowering taxes and cutting needless regulations to usher in America’s Golden Age … Whether it’s low inflation, expectation-smashing job growth, or real wage increases, businesses are thriving and the American worker is being put first once again. But we’re just getting started.”
DeRemer dubbed President Donald Trump “our negotiator in chief,” and added that he “knocked it out of the park” with his one “big, beautiful” bill, which he signed into law July 4. The secretary called the new law “the most pro-worker legislation in generations.”
“By expanding Pell Grants to students pursuing skilled trades, this bill provides critical resources that will help us carry out the agreement we are signing here today,” she explained. “That includes incentives for domestic production, and making it easier to manufacture here in the U.S. again.”
Chavez-DeRemer added that the SBA and the DOL were aiming to “continue to foster growth for Main Street” and work with Trump to “strengthen” the U.S. economy.
“We are going to make sure small business owners, American workers and especially our domestic manufacturers are supported and prioritized in this Golden Age of economic opportunity,” the Labor Secretary stated.
Trump has notably vowed to bolster the U.S. economy during his second term, and has promised to revamp the nation’s manufacturing industry.
Loeffler touted the new partnership between the SBA and the DOL as an effort “focused on bringing back American jobs, American industry, American strength.”
“It’s really great to finally have a landmark MOU to support American manufacturing,” Loeffler said. “This partnership between SBA and the DOL is part of a broader realignment under President Trump, and really it’s one that’s focused on bringing back American jobs, American industry, American strength after decades of weakness on a world stage.”
“It’s not just fair trade deals that have finally put our producers on a level playing field – the ‘One Big, Beautiful Bill’ includes massive new incentives for Made in America, for building things here, we know we do it better when we get the American worker and American ingenuity involved … And now that President Trump has laid that groundwork for the return of made in America, his cabinet, we’re taking steps together for an all-of-government approach to restoring that made in America promise,” Loeffler added.
“This agreement connects SBA’s capital, counseling, contracting, to the Department of Labor’s apprenticeship programs, which are so valuable to create a pipeline of skilled workers,” she stated.
Additionally, Loeffler said that the partnership between the two federal agencies will help to “unleash the full power of American industry and make manufacturing great again.”
“We are just working everyday for the American worker, for small businesses, and to bring more people into this amazing workforce in America,” the SBA Administrator emphasized. “So President Trump has definitely laid an amazing foundation. Together, we, SBA and the DOL, are going to unleash the full power of American industry and make manufacturing great again.”
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