A Bipartisan Effort Gives Boost to Small Businesses

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The “Spurring Business in Communities Act,” unveiled in October by Republican Representative Cathy McMorris Rodgers received cosponsors in Democrat Representative Stephanie Murphy and Senator Marco Rubio, who was backing a similar bill in the Senate. With the legislation, the intent was to boost small businesses in underrepresented stated by offering them more access to loans and capital.

Now, the legislation is headed to President Trump’s desk for him to sign into law.

Murphy commented on the effectiveness of the legislation, saying that “As a former businesswoman, I know how important growth capital is to starting and sustaining a successful small business. Securing private capital remains a challenge for too many businesses.  I am incredibly proud that our bipartisan legislation to support small businesses and boost private sector job creation is now law.”

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