But, you know, River Ridge and all. Follow the link to examine the chart in greater detail.
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How Corporate Welfare Is Killing Small Businesses, by John White (Inc)
Despite being the backbone of the economy, funding from the Small Business Administration is a fraction of that of corporate welfare.
What is corporate welfare?
Corporate welfare is tax money that is given to corporations in order to encourage growth in a specific sector, stabilize a shaky sector, or avoid financial meltdown in a certain sector. Most notably we've seen this used to successfully avert a banking crisis in 2008, as well as the predicted collapse of the American auto industry between 2009 and 2013.
Big business wins big
Between 2000 and 2015, two-thirds of corporate welfare subsidies went to fewer than 600 large companies.
Small businesses can't compete
Even though small businesses are considered by many to be the backbone of our economy, accounting for 54% of all sales in the United States as well as the lion's share of job growth since the early 1990s, funding from the Small Business Administration is a fraction of that of corporate welfare. The SBA's budget was $1.4 billion in 2016, but the SBA only provides grants for nonprofits and educational institutions in certain growth sectors.
It does not provide direct loans to small businesses; instead, it provides guidelines for small business loans from lending institutions. You know, those big banks getting all the bailouts.
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