Small Business Finance News

NC Governor Announces Package To Aid Small Businesses

Written by Jenna Weiner
Published: 4/9/2010

North Carolina's governor has asked for the approval of a legislative package to help the state's small business owners.

North Carolina Governor Bev Perdue has announced a legislative package to help entrepreneurs, the Charlotte Business Journal Reports.

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Perdue called on the state's General Assembly to approve the package, which would assist in the creation and maintenance of jobs for small businesses.

Speaking during a job summit at the Charlotte Convention Center, Perdue called small companies "the backbone of N.C. economy, and a major driver" for economic recovery. "They put our friends, neighbors and family members to work. They anchor our communities. Supporting small businesses mean supporting jobs for North Carolinians," she said.

Approval of the package would be good news for small business owners in North Carolina. It would include tax relief and incentives to boost bottom lines, a health insurance credit, a business-venture credit, a state tax break for equipment purchases and more.

After hearing business owners discuss problems obtaining loans, Perdue also mentioned the possibility of using bailout money to provide additional loan capital to banks.

The White House recently implemented a program to aid Small Business Administration loan markets. The program put $21 million in place to support the markets in case lending falls.

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