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Agency Snapshot:
Small Business Administration The U.S. Small Business Administration (SBA) helps Americans grow businesses and create jobs by providing resources and tools, including access to capital; opportunities in Federal contracting; access to entrepreneurial education; and disaster assistance for all disaster victims. SBA has three overarching goals for the next five years: (1) Grow businesses and create jobs, (2) Build an Agency that meets the needs of present and future small businesses, and (3) Serve as the voice for small businesses.
SBA’s mission is to maintain and strengthen the Nation’s economy by enabling the establishment and vitality of small businesses and by assisting in the economic recovery of communities after disasters. The agency's budget is used to support financial assistance, management and technical assistance, disaster assistance and regulatory assistance. Non-budgetary resources include borrowing authority and collections of loan principal, and interest and fees in financing funds. Like other agencies, SBA is committed to pursuing this important mission while managing its finances effectively, which includes ensuring its payments are accurate, using only property it needs, and accounting for its finances properly.
Senior Real Property Officer: Paul Christy
Agency Real Property Profile
SBA has approximately 1.5 million square feet of rented space that is comprised of144 commercial leases (1,258,842 sq. ft.), 46 Federal building leases (217,615 sq. ft.) and 10 parking facilities. The graph to the right shows the type of space SBA uses.
Reduction in Real Property Usage
SBA’s cost savings goal is approximately $1 million by the end of fiscal year 2012. The chart “Progress Towards the Goal” identifies what has been achieved to date in real property cost savings.
Breakdown in Reduction
SBA plans to reduce its use of space in existing leases and in expiring leases based on consolidation of space. The cost savings is projected based on current rental rates for square footage reductions per lease. As rental rates increase the actual cost savings will be higher.