An earmark from six state Democrats would help rural businesses.
Reps. Heath Shuler of Waynesville, Brad Miller of Raleigh, Bob Etheridge of Lillington, Mike McIntyre of Lumberton, David Price of Chapel Hill and G.K. Butterfield of Wilson requested $750,000 in federal appropriations for the N.C. Rural Economic Development Center, a state-created nonprofit.
The money would provide "marketing, technical assistance and fellowships to help finance small business development and expansion" in "the most economically distressed counties" in North Carolina, Price wrote in his request.
It would also provide "low to moderate levels of capital" from $50,000 to $350,000 for start-up businesses and microenterprise loans of up to $25,000, Shuler noted.
"Especially in this economic downturn, the availability of credit is critical to create jobs and improve our communities," Etheridge wrote.
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