The Senate Commerce and Tourism Committee passed a bill today that champions rural business opportunities by providing additional resources for rural economic development.
SB 1646, sponsored by Senator Bill Montford would increase funding and decrease matching requirements for Rural Areas of Opportunity to use for economic development. Additionally, the bill allows the Rural Infrastructure Fund to be used for access and availability of broadband internet.
The Florida Chamber of Commerce has long supported Florida’s rural communities, and in particular, believes diversifying Florida’s economy will help grow jobs and economic growth in underserved communities.
This bill will next be heard in the Senate Appropriations Subcommittee on Transportation, Tourism and Economic Development.
Learn more about diversifying Florida’s economy by downloading our Economic Development one-pager today.