SCORE, a nonprofit supporting small businesses for over 60 years, recently faced a major setback with a tax and spending bill eliminating 60% of its federal funding. This cut jeopardizes the organization’s capacity to offer free mentoring to hundreds of thousands of entrepreneurs. Despite its vast network of 10,000 volunteer mentors and a track record of creating 144,000 jobs in 2024, SCORE is at a tipping point, needing to rethink its financial strategy amid reduced government backing.
SCORE, a nonprofit that has supported small businesses for over six decades, faces a significant setback from a recent tax and spending bill that eliminated about 60% of its federal funding.
Despite the cuts, SCORE has a vast network of 10,000 volunteer mentors and is credited with helping start 58,000 new businesses and creating 144,000 jobs in 2024 alone.
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