Under a recently enacted Georgia small business investing program, Enhanced Capital has formed a state-approved capital formation fund to provide financing to small businesses in rural parts of the state.

While Atlanta and larger metropolitan areas are booming, many rural communities in Georgia continue to see their local economies fall behind as businesses close and residents migrate to larger cities. In 2017, the Georgia General Assembly approved the Georgia Agribusiness and Rural Jobs Act (GARJA) to address access to capital needs for small businesses in rural Georgia.

The GARJA program will make an immediate impact in rural Georgia, as it authorized $100 million in small business investing over the next two years. Enhanced Capital will administer $20 million worth of investments to rural, small businesses, which are generally defined as businesses in certain industries with fewer than 250 employees and located in counties with populations of 50,000 or less.

Small businesses in these areas are often unable to secure the growth investment they need to buy modernized equipment, build new facilities, and expand market share. By providing financing through its Georgia Rural Jobs Fund, Enhanced will deploy flexible capital to the small businesses that create jobs and help sustain the surrounding community.

To find out more about Enhanced Capital’s Georgia Rural Jobs Fund, please contact Doug Beekman at dbeekman@enhancedcapital.com or 202.531.0404.

To learn more about Enhanced’s investments in small businesses, please check out the latest Community Impact Report.