Small Business Policy

Small businesses are the backbone of rural communities. We work for federal rural policy recognizes the importance of entrepreneurship as a rural development strategy and provide the resources necessary for rural communities to leverage the spirit, creativity and opportunities entrepreneurship creates.

Small scale entrepreneurship is a proven strategy to revitalize rural communities. It can create genuine opportunity across rural America with the support of a modest public investment.

The importance of small entrepreneurship is particularly profound in the most rural areas. Our analysis of economic conditions in the farm and ranch counties of Iowa, Kansas, Minnesota, Nebraska and the Dakotas found that nearly 60 percent of job growth in the 1990s came from people creating their own job by starting a small non farm business.

Small entrepreneurship is the one development strategy that consistently works in these communities. It is also the strategy that has the capacity to bring back young people – including those who earn a college degree. Our surveys of rural youth in northeast Nebraska found that half would like to one day own their own farm or business. That opportunity has the potential to draw them back to rural America.

Small business development helps rural people acquire assets and create wealth. That is essential. Asset and wealth-building through home ownership, business ownership and enhanced education lead to important long-term psychological and social effects that cannot be achieved by simply increasing income. Assets like businesses and houses bond one to a place and help to build sustainable communities. A commitment to rural asset- and wealth-building strategies can lead to stronger individuals, families, and communities.

Small Business Policy Notes

 

Center for Rural Affairs September and October 2019 newsletter

My favorite part of this job isn’t the cake we get for birthdays, although that is a pretty neat perk.

I absolutely love visiting with you—our donors, event and program participants, small business loan recipients, board members, and everyday, rural people.

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Apoyo Político 101

Las políticas estatales y nacionales tienen un impacto directo en nuestras vidas diarias. Entonces, ¿qué puedo hacer yo para afectar la política? Nuestros representantes son elegidos para actuar en representación nuestra para darle forma a las políticas que nos afectan. Se puede interactuar con representantes electos a través de el apoyo político. Comprender el apoyo político y a lo que se refiere ser un defensor de las formulaciones​ de las políticas es muy clave en tener conocimiento de nuestro sistema político y hacer oír nuestras voces.

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It’s time for Congress to step up for rural businesses, communities

Small businesses continue to feel the effects of the coronavirus pandemic. While they are doing their best to keep the doors open, they are hurting. That is especially true in our rural towns.

Congress has acted to provide businesses with loans through the Small Business Administration six months of payment forgiveness. This is a lifeline for big city enterprises, but it doesn’t help rural entrepreneurs. That is because many rural businesses do not have access to an SBA lender and must borrow from a USDA Rural Development program instead. 

Rural Businesses Still Waiting for Federal COVID-19 Relief

With Congress in gridlock over future stimulus spending during the coronavirus pandemic, small businesses with loans through the Rural Microentrepreneur Assistance Program, or RMAP, still have not received any financial help.

Johnathan Hladik, policy director with the Center for Rural Affairs, said hair salons, for example, with Small Business Administration loans that got six months of loan relief are now able to open their doors for business. But businesses with RMAP loans are facing bankruptcy.