Support for Rural Entrepreneurship and Small Businesses in Appalachia and Delta Regions.
This Act mandates the Small Business Administration (SBA) and regional commissions (ARC and DRA) to enter into an agreement to expand rural entrepreneurship in specific regions. This means residents and small business owners in the Appalachian and Delta regions can expect better access to coordinated federal support, resources, and programs. The goal is to stimulate local economies and create new business opportunities in these areas.
Key points
Increased Coordination: Three federal agencies (SBA, ARC, DRA) must collaborate to provide more effective support for rural entrepreneurs.
Small Business Support: Programs are designed to directly assist small businesses in the Appalachian and Delta regions, potentially leading to job growth and local development.
Reporting Requirement: Agencies must submit a report to Congress within two years detailing the activities' effectiveness and future collaboration plans, ensuring accountability.
Expired
Additional Information
Print number: 118_HR_9166
Sponsor: Rep. Molinaro, Marcus J. [R-NY-19]
Process start date: 2024-07-25