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: Sen. Marshall, Roger [R-KS]
Target Audience
Population: Small business owners and career and technical education graduates
Estimated Size: 12000000
- The bill specifically addresses Small Business Development Centers and Women's Business Centers, indicating it affects small businesses using these resources.
- The bill aims to integrate career and technical education (CTE) graduates into the small business workforce, thus directly impacting these graduates.
- Globally, many countries have equivalent centers or efforts to promote small businesses and career-focused education, suggesting this could influence similar initiatives worldwide if the model is observed or replicated.
Reasoning
- The policy aims to support small business owners and CTE graduates, suggesting that these groups will see the highest direct impact.
- Given the budget constraints, not all eligible small businesses and CTE graduates will receive support, so the impact will vary greatly.
- Some individuals would have started or expanded their businesses regardless of the policy, but others might significantly benefit, boosting wellbeing scores.
- The policy emphasis on CTE graduates suggests younger demographics may see more immediate benefits.
- Small business owners from diverse backgrounds and industries may experience different outcomes due to differences in how they can use the centers' resources.
Simulated Interviews
Small Business Owner (Texas)
Age: 40 | Gender: female
Wellbeing Before Policy: 7
Duration of Impact: 5.0 years
Commonness: 10/20
Statement of Opinion:
- The policy could help me hire skilled labor, which is currently hard to find.
- With the right support, I could expand my product line.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 7 |
| Year 2 | 8 | 7 |
| Year 3 | 8 | 7 |
| Year 5 | 8 | 7 |
| Year 10 | 7 | 6 |
| Year 20 | 7 | 6 |
CTE Graduate (Ohio)
Age: 25 | Gender: male
Wellbeing Before Policy: 6
Duration of Impact: 10.0 years
Commonness: 15/20
Statement of Opinion:
- Having resources to start my own business would be amazing!
- I feel confident about my skills but need help with business aspects.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 6 |
| Year 2 | 8 | 6 |
| Year 3 | 8 | 6 |
| Year 5 | 8 | 5 |
| Year 10 | 9 | 5 |
| Year 20 | 8 | 4 |
Small Business Owner (California)
Age: 55 | Gender: male
Wellbeing Before Policy: 8
Duration of Impact: 1.0 years
Commonness: 8/20
Statement of Opinion:
- I don't see much change for my business; we already have a hiring process.
- The policy might help others, but I'm neutral.
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 | 8 |
| Year 20 | 8 | 8 |
CTE Graduate (New York)
Age: 30 | Gender: female
Wellbeing Before Policy: 5
Duration of Impact: 20.0 years
Commonness: 12/20
Statement of Opinion:
- With access to business resources, I could finally kickstart my restaurant project!
- These opportunities are crucial for people like me.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 6 | 5 |
| Year 2 | 7 | 5 |
| Year 3 | 8 | 5 |
| Year 5 | 8 | 5 |
| Year 10 | 9 | 5 |
| Year 20 | 9 | 5 |
CTE Graduate (Illinois)
Age: 28 | Gender: other
Wellbeing Before Policy: 6
Duration of Impact: 5.0 years
Commonness: 14/20
Statement of Opinion:
- If the policy assists with startup costs, that would be a game-changer.
- Starting a business feels daunting alone.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 6 | 6 |
| Year 2 | 7 | 6 |
| Year 3 | 7 | 6 |
| Year 5 | 8 | 6 |
| Year 10 | 8 | 6 |
| Year 20 | 7 | 5 |
Small Business Owner (Florida)
Age: 45 | Gender: female
Wellbeing Before Policy: 7
Duration of Impact: 3.0 years
Commonness: 10/20
Statement of Opinion:
- The policy might bring more young, skilled workers into our sector, which is great.
- I hope it helps streamline finding help too.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 7 |
| Year 2 | 8 | 7 |
| Year 3 | 8 | 7 |
| Year 5 | 8 | 7 |
| Year 10 | 7 | 7 |
| Year 20 | 7 | 6 |
Small Business Owner (Colorado)
Age: 38 | Gender: male
Wellbeing Before Policy: 6
Duration of Impact: 8.0 years
Commonness: 11/20
Statement of Opinion:
- If I can hire capable graduates, my business might finally thrive.
- Better workforce integration could mean less turnover.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 6 |
| Year 2 | 7 | 6 |
| Year 3 | 8 | 6 |
| Year 5 | 8 | 6 |
| Year 10 | 7 | 6 |
| Year 20 | 7 | 5 |
CTE Graduate (Georgia)
Age: 22 | Gender: female
Wellbeing Before Policy: 5
Duration of Impact: 15.0 years
Commonness: 13/20
Statement of Opinion:
- Starting a practice with support would boost my career immensely.
- Having these business resources early in my career is invaluable.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 6 | 5 |
| Year 2 | 7 | 5 |
| Year 3 | 8 | 5 |
| Year 5 | 9 | 5 |
| Year 10 | 10 | 5 |
| Year 20 | 8 | 5 |
Retired Educator (Michigan)
Age: 60 | Gender: female
Wellbeing Before Policy: 7
Duration of Impact: 0.0 years
Commonness: 5/20
Statement of Opinion:
- The policy seems well-intentioned, but its execution will be crucial.
- I'm curious how deeply it will integrate into existing CTE frameworks.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 7 |
| Year 2 | 7 | 7 |
| Year 3 | 7 | 7 |
| Year 5 | 7 | 7 |
| Year 10 | 7 | 7 |
| Year 20 | 7 | 7 |
CTE Faculty (Washington)
Age: 33 | Gender: male
Wellbeing Before Policy: 8
Duration of Impact: 5.0 years
Commonness: 9/20
Statement of Opinion:
- I'm hopeful this will increase job placements for our students.
- Better business partnerships could enhance our curriculum and outcomes.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 8 | 8 |
| Year 2 | 8 | 8 |
| Year 3 | 9 | 8 |
| Year 5 | 9 | 8 |
| Year 10 | 8 | 8 |
| Year 20 | 8 | 8 |
Cost Estimates
Year 1: $60000000 (Low: $50000000, High: $70000000)
Year 2: $60000000 (Low: $50000000, High: $70000000)
Year 3: $55000000 (Low: $45000000, High: $65000000)
Year 5: $50000000 (Low: $40000000, High: $60000000)
Year 10: $45000000 (Low: $35000000, High: $55000000)
Year 100: $20000000 (Low: $15000000, High: $25000000)
Key Considerations
- Integration of CTE graduates into small business roles may require additional training and mentorship, impacting program success.
- The effectiveness of the policy relies on the active participation and collaboration of education institutions, small business centers, and businesses themselves.
- Long-term benefits could amplify if the framework is successfully established and utilized efficiently.