Public hearing on broadband bill renews debate on government influence in private businesses

April 13, 2017

Sam Mattison
Alabama Political Reporter

A bill that would expand municipal governments’ reach into broadband and internet services renewed a debate on government expansion into private enterprise at a committee meeting on Wednesday, April 12.

The House Committee on Commerce and Small Business was a packed house on Wednesday with some people even forced to stand in the back.

The main attraction at the committee meeting was a public hearing on House Bill 375 which would allow certain municipalities to increase government services into broadband and internet.
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Alabama Receives $20.7 Million from Treasury for Small Business Credit Initiative

December 27, 2013

By Brandon Moseley
Alabama Political Reporter

The U.S. Department of the Treasury’s State Small Business Credit Initiative (SSBCI) released a new report which showing that Alabama has received $20.7 million in SSBCI funds to grow local small businesses through September 2013.  Nationwide, more than $677 million has been used to leverage private capital through SSBCI.

The new SSBCI quarterly report shows that Alabama has deployed $20.7 million which represents 66 percent of Alabama’s total SSBCI allocation.  According to the report that is one  of the highest usage rates in the country. States use SSBCI funds to attract private lending and investment in small businesses, often by partnering with local community banks.
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