HOUSE APPROVES MORE SUPPORT SMALL BUSINESSES
Des Moines, Iowa – In another effort to create good-paying jobs, State Representative Bob Kressig of Cedar Falls approved a series of initiatives to help small businesses today, including a new Save Our Small Business Fund designed to help business owners having trouble accessing resources to stay open or expand.
“In these tough times, one of our top priorities this year was to help small businesses stay open and expand to create good-paying jobs,” said Kressig. “The initiatives approved today will help business owners in communities large and small across Iowa.”
The small business initiatives were approved on Senate File 2389. The Save Our Small Business Fund will provide loans up to $50,000 to small businesses with under 35 employees. Other pieces of the initiative include expanding eligible for the state’s loan buy-down program (Linked Investment for Tomorrow Fund), a statewide website of vacant buildings targeted for redevelopment, one comprehensive website with links to all assistance available to small businesses, and a special committee to find ways to reduce regulatory barriers facing small businesses.
“While there is no one-size-fits-all approach, I’m confident the bills we approved this year will help our small businesses thrive and succeed. With more technical and financial assistance available, I hope small businesses will find it easier to take advantage of state resources,” concluded Kressig.
In addition to the incentives approved today, lawmakers have already provided an additional $100,000 for Small Business Development Centers, expanded the statewide MyEntre.Net program to help accelerate the growth of firms most likely to create jobs in Iowa, and kept Iowa’s 55 Workforce Development Centers open to help the unemployed find work or get job training assistance.