Republicans Refuse to Support Small Businesses
Contact Name: Marina Altschiller
Phone: (603) 568-9357
CONCORD – Today, the majority of Senate Republicans voted Inexpedient to Legislate on SB 428, Senator Becky Whitley’s (D-Hopkinton) bill which sought to establish a scholarship fund in the capital access program (CAP) of the NH Business Finance Authority to cover entry costs for "socially and/or economically disadvantaged" individual small business owners, as defined in federal law, applying for loans from the CAP.
After the vote, prime sponsor Senator Becky Whitley (D-Hopkinton) issued the following statement:
“In 2021, New Hampshire dropped 12 spots to #37 in CNBC’s rankings of the "Top States for Business" noting our high cost of living, our aging workforce, and most notably, our lack of access to capital as significant reasons for our failure to attract diverse, college-educated workforce. SB 428, which was written in concert with the NH Business Finance Authority, was a simple, innovative solution to this very real problem using ARPA discretionary dollars. I am extremely disappointed that my Republican colleagues refused to support our small business economy just one day after claiming that supporting Main Street businesses was one of their legislative priorities.”