Print and promotional products companies that manufacture in the United States may be able to benefit from a new initiative from the U.S. Small Business Administration (SBA).

On March 10, the SBA announced the launch of what it calls its new Made in America Manufacturing Initiative. SBA Administrator Kelly Loeffler said the initiative is part of President Donald Trump’s efforts to invigorate domestic manufacturing in the United States.

“With the Made in America Manufacturing Initiative, we’re slashing red tape, expanding access to capital and fueling a manufacturing resurgence that will create high-paying jobs and revitalize communities across the country,” Loeffler said. “By prioritizing American-made products, we’re not just securing our economic dominance — we’re protecting our national security by ensuring the essential goods we rely on are produced right here at home.”

The SBA said that about 99% of American manufacturers qualify to be classified as small businesses. The organization noted that representatives from the newly announced Office of Manufacturing and Trade will embark on what was described as a multistate Made in America Roadshow over the next two months. They’ll be holding roundtables to solicit feedback from small manufacturers across the country. The journey kicked off March 10 in Indiana.

About 99%
of American manufacturers qualify to be classified as small businesses. (SBA)

According to the SBA, pillars of the Made in American Manufacturing Initiative will include:

• Reducing barriers to access for the 504 loan program, a zero-subsidy program which provides capital for real estate, construction and equipment purchases. “Zero-subsidy” means the program operates without ongoing taxpayer funding and is sustained by borrower and lender fees.
  
  
• Expanding the use of the 7(a) Working Capital Pilot program, which provides financing to fund inventory purchases and export-related expenses for international markets.
  
  
• Cutting $100 billion in regulation through the Office of Advocacy, which is empowered by law to work across federal agencies to identify and eliminate rules, policies and procedures that disproportionately burden small businesses and manufacturers.
  
  
• Launching a “Red Tape Hotline” for small business owners and manufacturers to share feedback and submit onerous regulations for review.
  
  
• Promoting a skilled manufacturing workforce by partnering with agencies, trade schools and private sector stakeholders to create a pipeline of skilled workers to support manufacturing.