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Moran Introduces Legislation To Invest In Rural Communities

 

 U.S. Senator Jerry Moran introduces the Rural Jobs Act, legislation to bring hundreds of millions of dollars in private investment to disadvantaged rural communities in America.
 Senator Moran says it's time credit is put to work for rural Americans, adding that Rural Job Zones will cover the vast majority of rural states like Kansas, giving thousands of small towns the same opportunities as larger cities.
 The Rural Jobs Act would designate $500 million in NMTC investments for “Rural Job Zones.” The zones are low-income communities that have a population smaller than 50,000 and are not adjacent to an urban area. Under the new definition, Rural Job Zones would be established in 342 out of the 435 congressional districts across the country.
 The bill would also require that at least 25 percent of this new investment activity be devoted to counties with persistently-high rates of poverty and migration. There are approximately 400 counties in the United States facing persistent poverty.
 Full text of the legislation can be found
HERE.

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