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New Trump SBA leader launches manufacturing deregulation initiative in
Indianapolis





The Indianapolis Star
Brittany Carloni
March 10, 2025
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President Donald Trump's newly-confirmed U.S. Small Business Administration
head visited Indianapolis on Monday to launch a manufacturing initiative
seeking to cut $100 billion in regulations for small business manufacturers.



But while SBA Administrator Kelly Loeffler's goal was to tout the
administration's “Made in America Manufacturing Initiative,” her Indy visit
came amid uncertainty over the impact of retaliatory tariffs on businesses, and
one week after Trump called for an end to the CHIPS and Science Act.



That law, which boosted domestic manufacturing of computer chips and contained
money for some small business initiatives, was championed by Sen. Todd Young.
He joined Loeffler on her tour of Aerodyn Engineering, alongside Gov. Mike
Braun and U.S. Sen. Jim Banks on Monday.



The tour was one of Loeffler's first stops since officially joining the Trump
administration last month, and one of the first times Braun and Young and Banks
had to share the limelight since Banks and Braun took office in January.



Loeffler said Indiana was among her first visits since her confirmation
because of the state’s role in the manufacturing industry. Indiana in 2023 had
the highest concentration of manufacturing jobs than anywhere else in the
country, according to the U.S. Bureau of Labor Statistics.



The SBA manufacturing initiative’s focus on deregulation will help Indiana
continue to be a “business-friendly” state, Loeffler said.



"It’s critically important that Washington understands that it’s free
enterprise that creates economic opportunity, not the government,” Loeffler
said. “By working together, at the state and federal levels, we can make sure
that we don’t stifle innovation, but we help feed innovation.”



In addition to cutting billions of regulations, the SBA’s “Made in America
Manufacturing Initiative” will include:

* Creating a “red tape” hotline for small businesses to share “onerous”
regulations to be reviewed
* Reducing barriers to a loan program to provide financial support for
purchasing real estate, equipment and construction
* Expanding a financing program for inventory purchases and expenses tied to
exporting products to international markets
* Partnering with trade schools and businesses to boost the manufacturing
workforce
* Supporting Trump priorities, including tariffs and tax cuts on production
in the U.S.
Loeffler, a former U.S. senator from Georgia, previously served in Congress
with Braun, Young and Banks. The four talked as they walked through the
manufacturing facility together and listened to Aerodyn founder and owner Dave
Lawrence share about the parts the company makes.



Braun said Loeffler, “a farm girl from Illinois” knows what kind of
environment is needed for small businesses to be successful and, as a former
small business owner himself, looks forward to working with Loeffler in his new
role as governor.



“I'm the steward of Indiana being considered one of the top places in the
country to start a business, grow a business, raise a family,” Braun said. “So
we are blessed to have someone in the SBA that is going to be that interface
with Main Street.”



Loeffler talks tariffs, CHIPS Act



Loeffler took questions from reporters and business leaders on Monday,
including on the impacts tariffs might have on small businesses and whether the
CHIPS Act fits into the SBA manufacturing initiative.



Trump last week postponed tariffs on products from Canada and Mexico after
announcing plans to implement them on the two countries. Loeffler said while
there may be an adjustment period for small businesses under Trump's trade
policies, the president is "defending the American worker" and strengthening
American supply chains.



"Creating an economy where we have strong, blue collar, good-paying jobs and
an economy that lifts everyone up, I think it'll be almost imperceptible
relative to the gains that lay ahead," she said.



On the CHIPS Act, Loeffler emphasized that Trump has initiated major capital
investments in his first weeks in office.



"The best dollar can come from the private sector, from that investment, and
that way taxpayers can make sure that they're not being asked to build these,"
she said. "I think it's really important that we work on a public-private
partnership basis to instill that accountability within government."



Young's office last week said they planned to seek clarity on Trump's comments
on the CHIPS Act during his address to Congress. A spokesperson on Monday told
IndyStar that Young is "open to working with the administration on changes to
the law."



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