Grow Rural Texas Jobs is a coalition of organizations united in support of the “Texas Rural and Opportunity Zone Jobs Act” (HB 1000) which would create jobs, encourage small business growth and spur local economic development in some of Texas’ hardest-hit rural and opportunity zone communities.
The “Texas Rural and Opportunity Zone Jobs Act” would establish several rural and opportunity zone funds to raise capital and invest up to $215 million in Texas small businesses. This pro-growth program, empowering private sector investment, prioritizes the creation of high quality jobs, helps businesses compete and grow, and helps diversify and expand the state’s economy.
The measure would improve access to capital for rural small businesses that often find it difficult to secure financing through traditional lending sources. According to the Federal Reserve Bank of Dallas, access to capital tops the list of challenges facing small business owners. With financial backing, businesses ready to grow can expand, create quality jobs, and drive economic growth to all corners of the state.