The Benefits and Importance of Increasing SBA Guarantee Authority for Pollution Control Financing

The text is a letter from Walter G. Horton, President of Energy Resource Systems, urging Congress to pass legislation that increases the SBA Guarantee Authority for the Pollution Control Financing Guarantee Bonding Program. The program benefits industries by assisting them in pursuing pollution control systems that also incorporate energy recovery. The program is financially self-sufficient and has collected significant guarantee fees. It is centrally administered by a small staff in Washington and is marketed by private industry and local authorities. The program has benefited small businesses across the country, creating jobs and reducing pollution. It has also resulted in increased sales for manufacturers of pollution-reducing equipment. The letter emphasizes the importance of small businesses and the need for investment capital. The author urges Congress to take action and offers to provide further information if needed.