Wyden and Colleagues Call for Federal Funding to Support Rural Businesses
US Senator Ron Wyden has joined his colleagues in calling on the Senate Appropriations Committee to secure federal investment for small businesses in rural Oregon and nationwide through the Rural Development Grant Program.
The senators wrote: "Since launching in 2015, Rural Business Development Grant Program (RBDG) funding has provided support for planning, technical assistance, job training and other business development needs in rural areas of all 50 states."
They added: "Small businesses provide the majority of jobs in rural communities, yet often have less access to credit and capital when compared to urban areas."
The senators requested $37 million for the RBDG. This program specifically supports the development and growth of rural small and emerging businesses with fewer than 50 employees and less than $1 million in gross revenues.
The senators concluded: "Investing in our rural businesses ensures that communities in every corner of the country can continue to thrive and cultivate a strong local economy."
Posted on 7/4/24 8:54AM by Sam Marsh
