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In an effort to support small businesses in Rhode Island, Governor Gina Raimondo signed new legislation into law on June 11, 2026, which aims to streamline business regulations and provide additional resources for entrepreneurs.The Small Business Support Act, as the new law is called, includes several key provisions that are designed to make it easier for small businesses to start and grow in the state. One of the most significant changes is the implementation of a centralized online portal where business owners can easily access information about permits, licenses, and other regulatory requirements. This portal will help eliminate the need for entrepreneurs to navigate through multiple agencies and websites, saving them time and resources.Additionally, the Small Business Support Act establishes a fund to provide grants and low-interest loans to qualifying small businesses. These financial resources will be allocated to help businesses cover startup costs, invest in new technology, and expand their operations. The goal is to give small businesses the financial support they need to thrive in a competitive market.Furthermore, the new law includes provisions for increased support and training programs for minority and women-owned businesses. These programs will provide targeted assistance to entrepreneurs from underrepresented communities, helping to level the playing field and promote diversity in the business world.Governor Raimondo expressed her enthusiasm for the new legislation, stating that it is a critical step towards creating a more supportive environment for small businesses in Rhode Island. She emphasized the importance of empowering entrepreneurs and fostering innovation in order to drive economic growth and create job opportunities in the state.Business owners and industry experts alike have welcomed the new law, noting that it will provide much-needed relief and resources to small businesses that have been struggling in recent years. With the implementation of the Small Business Support Act, Rhode Island is poised to become a more attractive destination for entrepreneurs and a hub for innovation and economic development.Overall, the new legislation is seen as a positive step towards bolstering the state's business community and fostering a more vibrant and diverse economy. As small businesses continue to face challenges in the post-pandemic landscape, the Small Business Support Act provides a beacon of hope and support for entrepreneurs in Rhode Island.