Democrat Stacey Abrams proposed spending $10 million annually for a small business financing program meant to boost Georgia entrepreneurs.
The program is designed to leverage state investment in financing programs with private lenders for business owners who struggle to get help from banks.
Abrams, a former House minority leader, said she got the idea from starting small businesses - some that have succeeded, others that have failed. She calls it a way to invest in “Georgians' entrepreneurial spirit.”
Abrams faces Republican Brian Kemp in November’s election for governor. She made the announcement Friday on the second leg of a three-day economic tour that focuses on pocketbook issues.
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