SBA New Markets Venture Capital Program

Format:

Book

Government document

Author/Creator:

Library of Congress. Government Division

Language:

English

Subjects (All):

Business.

Economic development.

Occupations.

Saving and investment.

Physical Description:

1 online resource

Contained In:

ProQuest U.S. Congressional Research Digital Collection

Place of Publication:

[United States] [publisher not identified] 2014

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:

CRS Report

Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Apr. 2015). Reuse except for individual research requires license from ProQuest, LLC

Vendor supplied data

Other Format:

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

Publisher Number:

CRS-2015-GVF-0183

Access Restriction:

Restricted for use by site license