New Federal Aid to Small Businesses Package Announced

I grabbed this from POLITICO this morning. It’s a 6-page fact sheet from the Administration’s newest effort to increase the development and capital flow for small businesses. Some noticeable excerpts:

– $30 bn in new loans
– 0% capital gains tax for small business investments
– ‘Bonus depreciation’ to encourage investment in physical assets
– Requires states to use federal funds to leverage private lenders to get credit to small businesses with a goal of 10$ in new lending for every 1$ of federal funds
– Funds set aside to augment collateral which small business own but which has declined in value.

There are more details in the document itself, but it made for an interesting start to the morning.

Click on the link below to download the .pdf file of the fact sheet.

Small Business Jobs Fact Sheet

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This entry was posted in Economics, Policy Analysis, Politics and tagged , , , , . Bookmark the permalink.

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