Kennedy, Smith introduce bill to help small businesses access capital, create jobs in rural America

Statement

Sens. John Kennedy (R-La.) and Tina Smith (D-Minn.) today introduced the Expanding Access to Capital for Rural Job Creators Act to examine problems small businesses in rural areas face when they attempt to access capital.

"Louisiana's small business owners create jobs and strengthen rural economies. This bill takes a key step in overcoming the hurdles small businesses face in getting the capital they need to pay their bills, make payroll and meet needs in their communities," said Kennedy.

"Access to capital is essential to the economic health and growth of rural communities in Minnesota and across the country. Rural small businesses often face disproportionate obstacles when trying to secure capital to develop and grow their businesses. This legislation would help rural small businesses overcome these hurdles and strengthen our rural economies," said Smith.

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