Greensboro's African American Community Newspaper
Reach Us At: (336) 274-6210 or (336) 274-7829
Greensboro weather

Thursday, September 23, 2021

U.S. Rep. Adams introduces small business legislation for Vets

By Yasmine Regester / November 13, 2015

Share this article:

Facebooktwittermail
Bob Weston, Jason Brinegar, Guilford County Commissioner Bruce Davis, N.C. Congressional 12th District Representative Alma Adams and Dorian Carter. Photo by Charles Edgerton/Carolina Peacemaker

Bob Weston, Jason Brinegar, Guilford County Commissioner Bruce Davis, N.C. Congressional 12th District Representative Alma Adams and Dorian Carter. Photo by Charles Edgerton/Carolina Peacemaker

Congresswoman Alma S. Adams (N.C.-12) visited Greensboro this week to announce new legislation aimed at helping more veterans become small business owners.

“Our veterans put their lives on the line to protect our nation and we owe it to them to ensure they have the resources they need to thrive when they return home,” said Congresswoman Adams, a member of the House Small Business Committee. “The Veterans Small Business Tax Credit Act is aimed at helping our veterans become entrepreneurs by relieving some of the financial burdens associated with starting a business.”

The Veterans Small Business Tax Credit Act of 2015 would provide a tax credit for veteran small business owners that could be claimed for the purchase or lease of property, equipment and materials. The maximum credit is $12,000 and could only be claimed for start-up expenses incurred during the first two years of a company’s operation.

“This is going to help a lot of veterans who are trying to start a business to take care of themselves and their families,” said Troy Richards, who is interested in starting his own computer repair business.

In October, Congresswoman Adams hosted a roundtable with veteran small business owners to hear the challenges in starting, running and growing a small business. On Monday night, Adams led a town hall meeting at New Light Missionary Baptist Church in Greensboro to address questions from veterans about the legislation and any other issues they had.

There are nearly 800,000 veterans in North Carolina and more than 37,000 veterans live in North Carolina’s 12th Congressional District.

Veterans can get assistance with their questions by calling the Veterans hotline through Adams’ Washington D.C. office: (202) 225-7475 or visit Adams’ congressional Web site: adams.house.gov.




Advertisement


Latest Headlines
Advertisement

Advertisement





Since 1967, the Carolina Peacemaker has served as North Carolina’s leading news weekly with a national reputation. Founded by Dr. John Kilimanjaro, the newspaper is published by Carolina Newspaper, Inc.

Advertise With Us  |  Contact Us  |  Follow Us On Twitter