Entrepreneurial development is crucial to rural Nebraska. About half the jobs created there over the last 15 years were created in firms with five or fewer employees. And during the last recession in 2002, employment in these small business firms grew by nearly 10 percent while larger firms were still shedding jobs.
Entrepreneurship and microenterprise development can again lead the nation along the road to economic recovery... if we are willing to invest in them.
A refund of taxes from previous years is an investment incentive that works for both new and established businesses, in both recession and recovery. Kind and Herger's legislation builds upon the Rural Microentrepreneur Assistance Program, established in the last Farm Bill, to make grants to organizations to provide loans, training and technical assistance to rural small business start-ups.
Together, these two investments can help rural America's small cities and towns create a better future for themselves and all of America.
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