ABSTRACT

SBA New Markets Venture Capital Program [February 1, 2016]   [open pdf - 725KB]

From the report summary: "This report examines the NMVC [New Markets Venture Capital] program's legislative origins and describes the program's eligibility and performance requirements for NMVC companies, eligibility requirements for small businesses seeking financing, and definition of low-income areas. It also reviews regulations governing the SBA's [Small Business Association] financial assistance to NMVC companies and provides program statistics. The report concludes with an examination of (1) efforts to eliminate the program based on concerns that it duplicates other SBA programs and is relatively expensive, (2) the rescission of the program's unobligated funding in 2003, and (3) congressional efforts to provide the program additional funds."

Report Number:
CRS Report for Congress, R42565
Author:
Publisher:
Date:
2016-02-01
Copyright:
Public Domain
Retrieved From:
National Agricultural Law Center: http:nationalaglawcenter.org/
Format:
pdf
Media Type:
application/pdf
URL:
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