To amend the Small Business Act to establish a rural manufacturing forgivable loan program, and for other purposes.
About This Bill
Committee
Latest Action · January 20, 2023
Referred to the Committee on Small Business, and in addition to the Committee on Appropriations, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Investing in Rural Manufacturing Act
This bill authorizes the Small Business Administration to make loans for certain costs to businesses that manufacture goods essential to critical infrastructure sectors in rural areas. Businesses that meet at least 75% of their job creation goals under such loans may receive partial loan forgiveness.
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