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Support for Small Businesses: Rural and Critical Technology Investments

This act aims to make it easier for small businesses, especially those in rural or low-income areas, or involved in critical technologies, to get funding. These changes could lead to new job creation and boost local economies, offering growth opportunities to businesses that previously had limited access to capital.
Key points
Increased funding opportunities for small businesses in rural and low-income areas.
Support for businesses developing technologies vital to national security.
Annual adjustment of funding limits based on inflation to keep them current.
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Additional Information
Print number: 118_HR_5333
Sponsor: Rep. Meuser, Daniel [R-PA-9]
Process start date: 2023-09-01