Bill Overview
Title: Supporting Small Business and Career and Technical Education Act of 2022
Description: 2022 This bill includes within the responsibilities of Small Business Development Centers and Women's Business Centers the provision of assistance to small businesses in hiring graduates from career and technical education programs and to graduates of such programs in starting small businesses.
Sponsors: Rep. Williams, Roger [R-TX-25]
Target Audience
Population: Individuals owning, employed by, or graduating from career and technical education programs linked to small businesses
Estimated Size: 50000000
- Small businesses often comprise a significant portion of a country's economy and employ a substantial number of people.
- According to the World Bank, there are approximately 400 million small and medium-sized enterprises (SMEs) worldwide.
- Career and technical education (CTE) graduates are a significant subset of the workforce, as such programs are increasingly designed to meet market demands. They often provide skills training for sectors experiencing growth, such as tech or healthcare.
- Linking CTE graduates to small businesses can potentially impact both current and future members of these groups by providing more hiring opportunities.
Reasoning
- The policy is targeted towards individuals who are either small business owners, employees, or CTE graduates. This population is diverse, and includes individuals across various age groups, occupations, and locations in the U.S.
- The well-being impact of the policy may vary among different individuals based on their current employment status, business ownership status, and future career plans.
- Budget constraints mandate that the policy will primarily benefit a subset of the target population, those actively seeking to hire CTE graduates or CTE graduates looking to start new businesses.
- Urban areas may see higher impacts due to greater concentration of small businesses and CTE programs.
Simulated Interviews
Owner of a plumbing business (Chicago, IL)
Age: 45 | Gender: male
Wellbeing Before Policy: 6
Duration of Impact: 10.0 years
Commonness: 10/20
Statement of Opinion:
- This policy could help ease the hiring issues I face, finding skilled labor is tough.
- It could mean more business opportunities as local skilled graduates fill the gaps.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 6 |
| Year 2 | 7 | 6 |
| Year 3 | 7 | 6 |
| Year 5 | 8 | 5 |
| Year 10 | 8 | 5 |
| Year 20 | 7 | 4 |
Recent CTE graduate in digital marketing (Austin, TX)
Age: 28 | Gender: female
Wellbeing Before Policy: 5
Duration of Impact: 5.0 years
Commonness: 8/20
Statement of Opinion:
- Having support to start my own business would be fantastic.
- It's hard to transition from a graduate to a small business owner without guidance.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 6 | 5 |
| Year 2 | 8 | 5 |
| Year 3 | 8 | 5 |
| Year 5 | 9 | 5 |
| Year 10 | 9 | 5 |
| Year 20 | 8 | 5 |
Agricultural Equipment Technician (Rural Kansas)
Age: 34 | Gender: other
Wellbeing Before Policy: 7
Duration of Impact: 3.0 years
Commonness: 15/20
Statement of Opinion:
- The policy might not affect me directly as I am happily employed.
- However, it could help friends who are still looking for jobs in tech fields.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 7 |
| Year 2 | 7 | 7 |
| Year 3 | 7 | 6 |
| Year 5 | 7 | 6 |
| Year 10 | 6 | 6 |
| Year 20 | 6 | 5 |
Owner of a small boutique (Seattle, WA)
Age: 50 | Gender: female
Wellbeing Before Policy: 4
Duration of Impact: 2.0 years
Commonness: 12/20
Statement of Opinion:
- This policy could make it easier to find employees with the skills I need.
- I'm not sure how much direct impact it will have since my business is not tech-focused.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 5 | 4 |
| Year 2 | 5 | 4 |
| Year 3 | 5 | 4 |
| Year 5 | 5 | 4 |
| Year 10 | 5 | 3 |
| Year 20 | 4 | 3 |
CTE graduate in culinary arts (Portland, OR)
Age: 22 | Gender: male
Wellbeing Before Policy: 6
Duration of Impact: 10.0 years
Commonness: 9/20
Statement of Opinion:
- Support to start my own restaurant would be amazing.
- I hope the policy provides guidance and not just financial support.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 6 |
| Year 2 | 8 | 6 |
| Year 3 | 9 | 6 |
| Year 5 | 9 | 6 |
| Year 10 | 10 | 7 |
| Year 20 | 9 | 7 |
CTE instructor (Small town in Georgia)
Age: 39 | Gender: male
Wellbeing Before Policy: 8
Duration of Impact: 5.0 years
Commonness: 14/20
Statement of Opinion:
- The policy will strengthen partnerships with businesses and help students get jobs after graduation.
- I am already collaborating with local businesses, this policy should make it more effective.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 8 | 8 |
| Year 2 | 8 | 8 |
| Year 3 | 8 | 8 |
| Year 5 | 9 | 8 |
| Year 10 | 9 | 8 |
| Year 20 | 8 | 8 |
Freelance Graphic Designer (New York, NY)
Age: 30 | Gender: female
Wellbeing Before Policy: 5
Duration of Impact: 2.0 years
Commonness: 13/20
Statement of Opinion:
- There are a lot of freelancers like me who would benefit from additional support to transition to business ownership.
- Networking and support in hiring could be more beneficial than financial help.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 6 | 5 |
| Year 2 | 6 | 5 |
| Year 3 | 6 | 5 |
| Year 5 | 6 | 5 |
| Year 10 | 5 | 5 |
| Year 20 | 5 | 5 |
Owner of a small tech startup (Denver, CO)
Age: 47 | Gender: male
Wellbeing Before Policy: 7
Duration of Impact: 10.0 years
Commonness: 11/20
Statement of Opinion:
- Direct link to fresh graduates will solve our issue of finding entry-level talent.
- We hope this will also encourage graduates to look towards tech startups for opportunities.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 8 | 7 |
| Year 2 | 9 | 7 |
| Year 3 | 9 | 7 |
| Year 5 | 10 | 7 |
| Year 10 | 10 | 8 |
| Year 20 | 9 | 8 |
Owner of a small beauty salon (Miami, FL)
Age: 55 | Gender: female
Wellbeing Before Policy: 6
Duration of Impact: 1.0 years
Commonness: 12/20
Statement of Opinion:
- The policy could help us find skilled employees with specialized training.
- It's unclear how quickly we can see these benefits.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 6 | 6 |
| Year 2 | 6 | 6 |
| Year 3 | 6 | 6 |
| Year 5 | 7 | 6 |
| Year 10 | 6 | 5 |
| Year 20 | 5 | 5 |
Software Developer for a small enterprise (Boston, MA)
Age: 33 | Gender: female
Wellbeing Before Policy: 8
Duration of Impact: 3.0 years
Commonness: 17/20
Statement of Opinion:
- This policy might not impact me directly since I'm employed, but it's a great opportunity for future graduates.
- Better integration of CTE students with the business world is necessary.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 8 | 8 |
| Year 2 | 8 | 8 |
| Year 3 | 8 | 8 |
| Year 5 | 8 | 8 |
| Year 10 | 8 | 7 |
| Year 20 | 7 | 7 |
Cost Estimates
Year 1: $50000000 (Low: $40000000, High: $60000000)
Year 2: $51500000 (Low: $41200000, High: $61800000)
Year 3: $53045000 (Low: $42436000, High: $63654000)
Year 5: $56148150 (Low: $44824400, High: $67492600)
Year 10: $62523542 (Low: $49975450, High: $75271640)
Year 100: $198971302 (Low: $159177042, High: $238765562)
Key Considerations
- Identifying metrics for success and accountability measures for Small Business Development Centers and Women's Business Centers.
- Capacity constraints of these centers due to increased demand for their services.
- Potential overlap with existing programs and initiatives aimed at supporting small businesses and workforce development.
- Variation in costs across different regions which might have different scales of small business activity and CTE graduate populations.