Del. Kimberlyn King-Hinds on HR 2066: Supporting Small Businesses with SBIC Program

Addressing Capital Access for Small Businesses

• 🎯 A significant barrier to economic growth is the lack of access to capital for small businesses across the country.
• 💡 While some regions have ample investment, many small businesses struggle to secure the necessary funding for growth.

The Investing in All of America Act (HR 2066)

• 🤝 HR 2066, the Investing in All of America Act, is a bipartisan bill designed to strengthen the Small Business Investment Company (SBIC) Program.
• 🛠️ The SBIC program is a public-private partnership where privately managed funds, licensed by the SBA, receive government-guaranteed funding to increase investments in small businesses.

Enhancements and Benefits of HR 2066

• 🚀 This bill aims to encourage investments in rural areas, American manufacturing, and critical national security technologies.
• 💰 It is designed to operate at zero cost to the taxpayer, with no new spending or mandates.
• 📈 With these improvements, SBIC's could potentially unleash nearly $20 billion into American small businesses, fostering expansion and job creation.
• ✅ Del. King-Hinds urges colleagues to vote yes on HR 2066 to support these critical initiatives.