today I introduce the HUBZone Act of 1997. The purpose underlying this bill is to create new opportunities for growth in distressed urban and rural communities, which have suffered tremendous economic decline. This legislation would provide for an immediate infusion of cash through the creation of new jobs in our Nation's economically distressed areas. During the 8 years I served as Governor of Missouri, I met frequently with community leaders who were seeking help in attracting business and jobs to their cities, their central downtown areas, their towns, and the rural areas of the State. We tried various programs, including the enterprise-zone concept, and we met with limited success. I am proud of the successes that we achieved there. But now, as U.S. Senator and as chairman of the Committee on Small Business, I continue to receive similar pleas for help. I hear the concerns expressed to me by people from all over my State. Since we have had the opportunity to expand hearings in other States, we have heard from other States as well. So far, nothing that we put in place is the best formula for bringing economic hope and independence to these communities. The message, however, has changed somewhat. Although help from the Federal Government has been forthcoming, there is still high unemployment and poverty.
Editor's note · Context
Introducing the HUBZone Act of 1997 to address economic decline in distressed communities.
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