(a) There is a Neighborhood Business Development Program. (b) The purposes of the Program are: (1) in priority funding areas or eligible opportunity zones, to: (i) help develop, redevelop, or expand small businesses and microenterprises; (ii) stimulate investment by the private sector; (iii) invest in revitalization projects for small businesses and microenterprises; and (iv) stimulate political subdivisions to participate in developing and expanding small businesses and microenterprises; and (2) in food deserts or parts of priority funding areas or eligible opportunity zones that serve food deserts, to help create and retain small businesses and other food-related enterprises that provide fresh fruits, vegetables, and other healthy foods to residents in the food desert. (c) The Program includes: (1) the Business Development Program; and (2) the Capital Access Program.
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