SBIA Supports New Legislation Supporting Investment In US Manufacturing
Earlier this week, U.S. Senators Chris Coons (D-Del.), Tim Scott (R-S.C.), Cory Gardner (R-Colo.), and Jacky Rosen (D-Nev.) introduced the Strengthening Investment to Grow Manufacturing in America (SIGMA) Act, bipartisan legislation to support loan programs and investment in US manufacturing.
Loan programs such as SBA’s Small Business Investment Company (SBIC), 7(a), and 504 loan programs assist small businesses by providing federally guaranteed loans for businesses. “The SIGMA Act spurs additional investment for small manufacturing businesses in low- or moderate-income areas, rural areas, areas of high unemployment, and those that are veteran-owned, minority-owned, woman-owned, or are important to national security.”
SBIA, along with other acknowledge organizations, support this legislation and look forward to positive impact for accessible capital.
“The Small Business Investor Alliance (SBIA) thanks Senators Coons, Tim Scott, and Gardner for introducing the Strengthening Investment to Grow Manufacturing in America Act. This legislation is thoughtful policy that promotes investment in small manufacturers – the source of some of our country’s greatest innovation.”
-Brett Palmer, SBIA President
For more information on the bill, please review Chris Coons’ one-pager.
Source From: https://www.coons.senate.gov, July 16, 2019, Sens. Coons, Scott, Gardner, Rosen introduce bipartisan, bicameral legislation to support investment in US manufacturing
SBIA is the voice and advocate for the lower middle market. Go to www.SBIA.org/about to learn more about the Small Busines Investor Alliance.