Rural Microentrepreneur Assistance Act of 2023

Bill 118 s 2996, also known as the Rural Microentrepreneur Assistance Act of 2023, aims to provide support and resources to small business owners in rural areas. The bill focuses on helping microentrepreneurs, who are individuals running small businesses with fewer than 10 employees.

The key provisions of the bill include establishing a Microentrepreneur Assistance Program, which will provide technical assistance, training, and access to capital for rural small business owners. This program aims to help microentrepreneurs grow their businesses, create jobs, and stimulate economic development in rural communities.

Additionally, the bill includes provisions for grants to organizations that support microentrepreneurs, such as Small Business Development Centers and Women's Business Centers. These grants will help these organizations provide valuable resources and guidance to rural small business owners. Overall, the Rural Microentrepreneur Assistance Act of 2023 seeks to empower and support small business owners in rural areas, ultimately contributing to the economic growth and vitality of these communities.