Last week, U.S. Senators Todd Young (R-Ind.), Tammy Duckworth (D-Ill.), and Jim Risch (R-Idaho) introduced the Investing in Main Street Act to increase investment in small businesses by permitting banks to invest up to 15 percent of their capital in Small Business Investment Companies (SBIC). The dramatic increase in capital for the SBIC program would be deployed to domestic small businesses at no cost to the taxpayer. SBICs have invested more than $451 million dollars in 135 Hoosier small businesses over the last ten years.
July 8th, 2019|Local News|