Sec. 2. Findings relating to attracting business investment and export promotion
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Congress finds the following: Business investment in the United States by both domestic and foreign firms, whether in the form of new equipment or facilities or the expansion of existing facilities, is a major engine of economic growth and job creation. Increasing exports from and investment in rural areas will expand the United States economy and create United States jobs. Rural areas often have greater challenges in attracting business investment, especially because rural areas do not always have economic development organizations to advance their local economic interests.
When a rural area does have a local economic development organization, it may not have the capacity or funding to compete effectively with larger rivals worldwide. Due to their geographic location, rural United States businesses often have limited access to information and services that facilitate export success.