Investment bank Goldman Sachs has launched a program titled “Investment in Rural Communities” to help small businesses in rural Alabama, including the Black Belt.
The $100 million initiative will reportedly help stimulate economic and job growth in other rural areas in the United States, with $3 million
“This program empowers small businesses with additional tools and training to best position them for sustainable success and growth,” said Sen. Katie Britt, who recently met with representatives of Goldman Sachs to launch the project. “As a daughter of rural Alabama, I am especially proud to see this focus on supporting rural small businesses in our great state.”
A statement from madeinalabama.com cited a study saying that 60% of rural small business owners added new jobs, 68% said that revenues increased, and 84% said that their business was better after taking part.
"Small businesses are the strongest economic engine in our country and the backbone of Alabama’s economy,” said Rep. Terri Sewell.
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