A Federal Incentive for Social Entrepreneurs to Expand Their Businesses

Various federal and state financial incentives can further the growth and expansion of businesses committed to making a positive social impact through their daily operations, particularly if that means creating jobs in low-income communities with high unemployment.

Rural counties from New England to the American South to Hawaii are attracting socially responsible businesses by providing economic development packages and financing for new equipment purchases, new factory construction and facilities renovation.

Rural industries can avail themselves of an enthusiastic workforce, access to natural resources and several programs designed to encourage investment in these economically-underserved communities. Financing tools like the New Market Tax Credit Program or the USDA’s Rural Development grants, guarantees, and loans can make the choice to locate in rural areas a smart one — both fiscally and socially.

Read the full article at TriplePundit.com