This bill requires the Small Business Administration, the Appalachian Regional Commission, and the Delta Regional Authority to work together to support rural entrepreneurship and small businesses in Appalachian and Delta regions. The three agencies must sign a formal agreement within 120 days of the law's enactment and coordinate their efforts to expand assistance to rural entrepreneurs and small businesses in these economically challenged areas. The bill allows these agencies to enter into reimbursable agreements with each other and collaborate with other federal agencies to maximize the effectiveness of their programs. Two years after enactment, the agencies must submit a joint report to Congress detailing how many businesses they assisted, their coordination efforts, and plans for continuing to work together on rural economic development.
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