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Kirk Introduces Bill To Boost Economic Development in Disadvantaged Communities

Statement

By: Mark Kirk
By: Mark Kirk
Date: Sept. 20, 2016
Location: Washington, DC
Issues: Business and Consumers Economy and Fiscal

U.S. Senators Mark Kirk (R-Ill.) and Joe Manchin (D-W.V.) today introduced the Bringing Business Back Act to provide state and local municipalities with additional tools to boost economic development in disadvantaged communities. The legislation will provide a one-year income tax exclusion for businesses who invest in vacant commercial or multi-family property where unemployment is 2% higher than the national average.

"Supporting economic investment will create jobs throughout Illinois. These tools will help to build a business-friendly environment for new and expanding small businesses," said Senator Kirk.

Senator Kirk has authored a "Small Business Bill of Rights," which is composed of policies that create a pro-growth environment for small business owners.


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