Economic Outcomes of Rural Microenterprise Development in the 2007 Farm Bill

Summary: 
The Farm, Nutrition, and Bioenergy Act of 2007 – H.R. 2419, the U.S. House of Representatives version of the 2007 Farm Bill – was adopted on July 27, 2007. Included in H.R. 2419 is the Rural Entrepreneur and Microenterprise Assistance Program (REMAP), a $20 million annual grant and loan program with the express purpose to provide technical assistance and capital to new or expanding small businesses in rural areas. It is anticipated that the U.S. Senate version of the 2007 Farm Bill will contain a similar provision.

Full Report: 

This report, employing previously published research and data, examines the potential economic outcomes of REMAP, including the potential job creation and effects on income and assets for rural people and rural households should REMAP be part of the final 2007 Farm Bill adopted by Congress and signed into law and subsequently implemented.

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