Kerry seeks to increase investment in low-income areas

[WildEyedLiberal]

From the Bay State Banner:

WASHINGTON — Senator John Kerry, D-Mass., top Democrat on the Committee on Small Business and Entrepreneurship, is promoting greater investments in low-income communities. Today Kerry introduced legislation to resuscitate the New Markets Venture Capital (NMVC) program that he created in 2000. The bill brings in necessary capital for businesses, including small manufacturers and firms owned by minorities and women, that may otherwise struggle to find investors based on the location’s demographics.

“When companies invest in low-income and rural areas, they’re sending a message that these communities can grow and thrive. Making these investments can jump-start job creation, foster entrepreneurship and revitalize our communities that need it most,” said Kerry.

The Securing Equity for the Economic Development of Low-Income Areas (SEED) Act will reauthorize the program for three years, since it is set to expire this year and improve it by creating an Office of New Markets Venture Capital. This program is particularly critical to helping minority and women entrepreneurs gain access to venture capital to grow their businesses.

Isn't it appalling how he never does anything for minorities? :sarcasm:

[politicasista]

1. It is (sarcasm)

more good news to spread around. :hi:

[WildEyedLiberal]

2. Awesome!

The Bay State Banner is Massachusetts' largest black newspaper, and every week I've picked up a copy, they've had a little article in there highlighting what Kerry is doing behind the scenes for minorities. You should bookmark the website and check back every week or so - they ALWAYS report what Kerry has been doing.

[politicasista]

3. Thanks. I will.

Lots of good stuff on there.