WASHINGTON DC – U.S. Senators Jacky Rosen (D-NV), Todd Young (R-IN), Ted Budd (R-NC), and Jeanne Shaheen (D-NH) introduced legislation to cut red tape and help small business owners integrate digital tools into their businesses. The bipartisan Small Business Technological Advancement Act would clarify that small businesses can utilize the Small Business Administration’s (SBA) 7(a) loan program to finance technology that supports daily operations, including inventory management, product delivery, and accounting systems.
“Small businesses are the backbone of Nevada’s economy, and I’m committed to helping them thrive in any way I can,” dijo el Senador Rosen. “That’s why I’m helping to introduce this bipartisan bill that will free up federal resources to make sure small businesses have the technological support they need to modernize their operations and continue to compete.”
As a member of the Committee on Small Business and Entrepreneurship, Senator Rosen has worked to support Nevada’s small businesses. Each year, she leads her Senate colleagues in pushing for robust funding to support small businesses and cut burdensome red tape. Last year, she introduced the Tax Relief for New Businesses Act to increase the startup tax deduction for entrepreneurs looking to start a small business and reduce barriers for startups. Senator Rosen has also introduced the bipartisan Minority Entrepreneurship Grant Program Act to establish a Minority Entrepreneurship Grant Program through the SBA and award grants to Minority Serving Institutions to promote and increase opportunities for students to start their own businesses.
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