Establishes the Rural Industry Reshoring and Reinvestment Act to stimulate economic growth in rural areas.
The bill establishes the Rural Industry Reshoring and Reinvestment Act to stimulate economic growth in rural areas by offering incentives to attract manufacturing and supply chain investments. It creates the Rural Reshoring Tax Credit Program, providing a refundable income tax credit to eligible businesses creating full-time jobs with a median wage equal to or greater than the county median.
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