SBA New Markets Venture Capital Program.

Format:

Book

Government document

Author/Creator:

Library of Congress. Government Division.

Language:

English

Subjects (All):

Saving and investment.

Occupations.

Economic development.

Business.

Physical Description:

1 online resource (1 online resource (24 p), digital, PDF file)

monochrome

Place of Publication:

[Place of publication not identified] : [publisher not identified], 2012.

System Details:

text file

Summary:

Discusses legislative origins of SBA new markets venture capital (NMVC) program, which is designed to promote economic development and creation of wealth and job opportunities in low-income geographic areas by addressing unmet equity investments needs of small businesses located in those areas. Describes eligibility and performance requirements for NMVC companies, eligibility requirements for small businesses seeking financing, and definition of low-income areas. Reviews regulations governing SBA financial assistance to NMVC companies, and provides program statistics. Examines efforts to eliminate NMVC program based on concerns that it duplicates other SBA programs and is relatively expensive. Addresses rescission of NMVC unobligated funding in 2003 and recent Congressional efforts to provide additional funds to the program.

Notes:

Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Apr. 2014). Reuse except for individual research requires license from ProQuest, LLC.

CRS Report.

Other Format:

Microfiche version: Library of Congress. Government Division. SBA New Markets Venture Capital Program

Access Restriction:

Restricted for use by site license.