By Aaron Allen, The Seattle Medium

Congresswoman Marilyn Strickland (WA-10) and Representative Adam Smith (WA-09) have introduced the Investments in Innovation Act, a bill aimed at strengthening the Small Business Investment Company (SBIC) program by encouraging more investment in minority-owned small businesses.

According to Strickland, the legislation is rooted in the idea that economic growth starts at the community level.

“When small businesses thrive, the communities around them thrive,” says Strickland.

The bill seeks to address long-standing disparities in capital access by incentivizing private investment in businesses owned by people of color. Supporters say the legislation promotes economic equity and community growth while tackling persistent wealth gaps.

Investing in minor

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