SBA Administrator Kelly Loeffler Tours Phoenix Business
By Matthew Holloway |
Kelly Loeffler, Administrator of the U.S. Small Business Administration (SBA), stopped in Arizona as part of her nationwide tour for National Small Business Week.
During an interview with Arizona’s James T. Harris on KFYI, Loeffler described the disastrous state of the SBA as she took office following her confirmation, and her efforts alongside President Donald Trump to get both the SBA and the small businesses it supports back to work.
Asked by Harris what happened when the SBA building went from a “ghost town,” to “workers actually show up and do the job,” she said, “It’s incredible. And it’s great to be part of President Trump’s restoration of main street across every corner of this great nation. He believes in the American worker. He believes in American industry. And he believes in getting the government back to work. And that’s what I did on my first day when 90% of the office was empty. We got people back to work real quick, and that’s thanks to President Trump’s leadership. And also, thanks to the fact that we have a lot of work to do getting back to working for the American people on main street not the globalists. Working for our job creators and not bureaucrats.”
Posting to X, Loeffler wrote, “Our job creators have endured endless challenges over the last four years. It’s great to see the optimism returning to Main Streets across America – including here in Arizona.”
Asked how American small businesses are driving the revival of the U.S. economy, Loeffler was fulsome in her praise:
“Well, it’s been incredible. I’ve been out across the country visiting our manufacturers of which there are thousands in this country, and they all tell me we have been fighting for two decades to make sure that people understand we can make it in America. And they’ve been hiring, they’ve been building. And now that President Trump is back in, they’re investing because reassuring and onshoring our supply chains is absolutely critical. It creates tremendous economic opportunity. If you think about the towns, the small towns, the urban areas that were just left behind. And I’ve seen it from Gary, Indiana, to you know out west everywhere. We had 70,000 factories closed in the last 30 years that cost us 5 million jobs that were exported out of Detroit to Beijing. And we have to make sure that we’re restoring American strength and job creators.”
“You know small businesses, let’s just level set here what are small businesses? Well, they represent 99% of all businesses in this great nation, and also of the manufacturers most of them, 99% of them, also are small businesses,” continued Loeffler. “And so, what they’re seeing is a president who wants to cut regulation. He wants to cut taxes, and he’s doing it. And he wants to make sure that we stand up to our allies and adversaries alike and say, ‘We’re not gonna be taken advantage of any longer. We’re gonna have fair trade.'”
Loeffler detailed the “Made in America” Manufacturing Initiative as well, telling Harris that the administration is working to make lending capital more available for American small businesses.
“What we are doing is focusing on, first of all, delivering access to capital is what I’m hearing from manufacturers across this country. That if they can just get a little bit larger loan size, then they can invest in that new CMC machine. They can hire more people. They can build out parts for their factory. What’s happening in these factories is incredible. It’s next generation smart manufacturing, and the investment in the equipment is, you know, you need computers you need people to run them. So we’re going to make sure the capital access is there, so our loans are doubling up from 5 million to 10 million.”
Loeffler also laid the blame firmly on the Biden administration for dropping stifling regulations on American businesses.
She said, “We’re working on deregulating because unfortunately under Joe Biden, he imposed about $1.7 trillion of excessive regulation. Most of that fell on the backs of our small businesses and our manufacturers. So, we’re working hard to deregulate. And then we’re also just advocating for developing a skilled workforce that doesn’t necessarily need a four-year degree. This is just helping have those on ramps into the modern economyfor these great blue collar or new-collar jobs and made in America.
Loeffler concluded, “That’s a tremendous opportunity. Only 9% of our country is involved in manufacturing of today. I used to be 35% in the 1950s. So somewhere in the middle is probably where we need to get back to. Because we don’t even make our fasteners anymore, nuts and bolts and screws. We’re dependent on China for that. We’ve… that can’t persist. We can’t become dependent on China for anything ever again. We saw that during COVID, so we’re helping turn that around, and President Trump understands that. It’s his job to fight for the American people. He’s the only one with the backbone to do it.”
Matthew Holloway is a senior reporter for AZ Free News. Follow him on X for his latest stories, or email tips to Matthew@azfreenews.com.
