Abney introduces bill to help small, local businesses get up and running
HARRISBURG, Sept. 20 – Rep. Aerion A. Abney, D-Allegheny, is introducing a bill today that would provide capital to small, local businesses eager to open their doors.
“Local businesses are the engines driving our economy,” Abney said. “A financial jumpstart to help small businesses get established should encourage entrepreneurship.”
A modernization and recapitalization of the Small Business Incubators Act, House Bill 2839 would provide up to $20 million in grants and loans for small businesses in Pennsylvania. These funds can be used to cover startup and overhead costs.
Workers and investments also would be protected in Abney’s bill because grant recipients who leave the commonwealth would be required to repay those funds awarded to them in full.
“Successful, local businesses help grow our economy and create good jobs everywhere,” Abney said. “These jobs pay real wages and offer both real benefits and a chance to retire, so all Pennsylvanians can have a better future.”