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Published February 3, 2023

House Defeats Diversity Funds Bill

Written by
Lydia Hoverson
| The Dakotan
The North Dakota State House killed a bill Thursday that would have provided a revolving loan fund for small businesses owned by women, minorities, and veterans. (Photo: Lydia Hoverson/The Dakotan)
The North Dakota State House killed a bill Thursday that would have provided a revolving loan fund for small businesses owned by women, minorities, and veterans. (Photo: Lydia Hoverson/The Dakotan)

Revolving Loan for Businesses Owned by Women, Veterans, Minorities

BISMARCK – The North Dakota State House defeated a bill Thursday that would provide revolving loan funds to businesses owned by women, minorities, and veterans.

House Bill 1420 proposed that the Bank of North Dakota may provide a revolving loan fund to small businesses owned by women, veterans, or minorities.

Those in opposition cited other programs to help those businesses, and supporters of the bill said the bill provides a different type of help to those businesses.

A video of the discussion can be found here. The bill failed by a vote of 73 to 20.

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