The new agreement aligns with President Trump’s goal of restoring industrial strength and reducing reliance on foreign suppliers. It also supports the Made in America Manufacturing Initiative, launched by SBA Administrator Loeffler, which focuses on cutting unnecessary regulations, improving access to funding, and promoting workforce development.
SBA has also introduced an Onshoring Portal. This tool connects small businesses with over 1 million U.S. suppliers, helping entrepreneurs grow their operations and source materials locally instead of depending on foreign producers.
With nearly 98% of U.S. manufacturers classified as small businesses, this effort is designed to ensure they have the tools, workforce, and capital to succeed in a global market.
This joint approach marks a new chapter in U.S. industrial recovery, helping to grow the economy and create more jobs for American workers.