Extend Microenterprise Tax Credit to boost recovery efforts

JOHNATHAN HLADIK

Policy director

Center for Rural Affairs

The past 12 months have not been easy for small businesses. Communities have lost longtime staples, as well as opportunities for future growth, as entrepreneurs were forced to delay planned investments. As business and community leaders work to recover, it is important that every tool, including the Microenterprise Tax Credit, remains available.

From hair salons and restaurants to grocery and hardware stores, more than 80% of the state’s businesses fall into the microenterprise category. The heart of our communities, they provide valuab...