On Thursday, Senators Tim Scott (R-SC) and Cory Booker (D-NJ) and Representatives Pat Tiberi (R-OH) and Ron Kind (D-WI), reintroduced the Investing in Opportunity Act, a bill that would expand access to capital for economically distressed communities. Engine welcomed the bill, noting in a statement that “the biggest challenges faced by startups in emerging communities is securing the capital needed to grow and thrive. The Investing in Opportunity Act would help to facilitate capital formation by unleashing trillions in inactive capital for reinvestment in early stage companies in the communities that truly need it — enabling aspiring entrepreneurs across the country and giving every town in America the opportunity to build its own startup ecosystem.”
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By: Staff, Engine
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