Rural Economic Growth Act of 2003

The Rural Economic Growth Act of 2003 was designed to stimulate economic development in rural communities through tax incentives and job training programs. The bill proposed a 50 percent tax credit for the construction or rehabilitation of commercial buildings in rural areas to encourage local business investment. Additionally, it sought to expand the Work Opportunity Tax Credit to include rural employees and established federal grants for career training programs to help residents gain the specific skills needed for local industries.