WASHINGTON, DC – U.S. Senators Jacky Rosen (D-NV), Todd Young (R-IN), Ted Budd (R-NC), and Jeanne Shaheen (D-NH) introduced the bipartisan Small Business Technological Advancement Act to help small business owners integrate digital tools into their businesses and help them thrive. The bill would clarify that small businesses can use the Small Business Administration’s 7(a) loan program to purchase technology that supports daily operations, including inventory management, product delivery, and accounting systems.
“Small businesses are the heart of Nevada’s economy, and I’ll continue doing everything I can to help them thrive,” said Senator Rosen. “This bipartisan legislation will cut through bureaucratic red tape and give small businesses the resources to modernize their systems and better compete in this digital era.”
Senator Rosen has been a strong advocate for Nevada’s small businesses. Senator Rosen’s bipartisan Minority Entrepreneurship Grant Program Act has advanced out of the Senate Small Business and Entrepreneurship Committee. This legislation will help promote and increase opportunities for minority students to start their own businesses. During this year’s Small Business Week, Senator Rosen also led more than a dozen colleagues in sending letters to Senate Appropriators to increase funding to support small businesses in the state. She also helped introduce the Expanding Access to Capital for Rural Job Creators Act to help eliminate hurdles small businesses in rural areas disproportionately face when trying to access capital.