2006 Nebraska Revised Statutes - § 81-1296 — Legislative findings.

Section 81-1296
Legislative findings.

The Legislature finds that:

(1) There is a need to encourage microenterprise entrepreneurship for microenterprise development;

(2) There is a need to create employment and employment opportunities in areas of chronic economic distress and in low-income urban and rural areas;

(3) There is a need to build an environment conducive to business development and growth;

(4) Microenterprises, including self-employment and startup businesses, are important elements of the Nebraska economy and play a vital role in job production, entrepreneurial skill development, and enhancing low-income households' capacity to become more self-sufficient;

(5) Nebraska's microenterprises often do not have access to commercial sources of credit because of a lack of business experience or training, collateral to secure business loans, or business records to demonstrate their loan repayment potential;

(6) Community-based microenterprise programs have demonstrated cost-effective delivery methods for providing microenterprise training and microloans;

(7) Commercial lending institutions are developing innovative ways to respond to this sector of the economy, including working with nonprofit community-based organizations; and

(8) Local and state charitable and foundation support, various federal programs, and private sector support could be leveraged by a statewide program for the development of the microenterprise and self-employment sectors.

Source:

Laws 1997, LB 327, § 2

~Reissue Revised Statutes of Nebraska