Sen. Baucus To Visit Hamilton To Discuss Economic Development In Bitterroot, 7/6

2010-07-06 13:30:00

Ravalli County Economic Development Office

Contact:

Sen. Max Baucus http://baucus.senate.gov/ will hold a community meeting in Hamilton on Tuesday to discuss economic development in the Bitterroot Valley.

The meeting is set for 1:30 p.m. at the Ravalli County Economic Development Office, 274 Old Corvallis Road.

Baucus recently unveiled legislation, the Small Business Jobs Act, that would:

* Allow taxpayers to write off more of the cost of purchases for their business, such as equipment and machinery, in the year the purchase is made.

* Change the Small Business Administration’s two largest lending programs to increase small-business lending through community banks, including waiving fees, increasing the government guarantee and raising the cap on small-business loans.

* Establish a Small Business Lending Fund of $30 billion to provide capital investments to small community banks to increase small-business lending.

* Establish the State Small Business Credit Initiative to provide $900 million in grants to existing successful small-business programs that help private lenders extend more credit to small businesses.

http://missoulian.com/news/state-and-regional/article_0f326418-86ee-11df-80ed-001cc4c03286.html