U.S. Senator Richard Shelby (R?Ala.), a member of the Financial Services Appropriations Subcommittee, today announced funding for projects in West Alabama included within the fiscal year 2008 Financial Services Appropriations bill. The bill is included in the Consolidated Appropriations Act, 2008 and will soon be voted on in the House of Representatives. The Senate will consider the bill following approval by the House of Representatives.
University of Alabama, Culverhouse College of Business, Alabama Entrepreneurial Research Network (AERN) - $250,000
The AERN works to enhance small business development and entrepreneurial activities in rural Alabama.
“Small businesses are the engine of our nation’s economy,” said Shelby. AThis important program provides entrepreneurs with the skills, knowledge, and resources necessary to identify and leverage opportunities to create new businesses. The AERN will target counties with a declining population, low business start-up rates, and stagnant economies. A program that encourages local business formation is a tool for substantial, long-term economic improvement.”