Washington, D.C. – During National Small Business Month, U.S. Senators Catherine Cortez Masto (D-Nev.) and Jerry Moran (R-Kan.) introduced the Supporting NEW BUSINESSES Act, which would promote the creation of new businesses in communities across the country. This legislation would require the Small Business Administration (SBA) to provide annual awards to state and local governments that implement innovative solutions to reduce red tape, eliminate redundancies, consolidate resources, or otherwise streamline the process of new business formation. Every year, one award would be given to a small, medium, and large-sized community.
“When communities figure out smart ways to help people start new businesses, we should recognize them for their work and learn from their successes,” said Senator Cortez Masto. “Instead of trying to re-invent the wheel, this bill will help the federal government find what’s already working and help people create new small businesses in communities across the nation.”
Read the full bill here.
Senator Cortez Masto is a champion for Nevada’s small businesses. Last month, the Senator stood with small businesses in Southern and Northern Nevada to highlight the devastating impacts the chaos of the Trump Administration’s tariffs have had on the cost of operating small businesses and on the American economy itself. In the American Rescue Plan, Senator Cortez Masto secured $3 billion in funding to assist states with their economic recovery and their vital tourism industries, including Nevada. She also delivered resources to the state’s businesses and secured flexibility for the gaming industry.
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