Creates the Rural Industry Reshoring and Reinvestment Act; creates the Rural Reshoring Tax Credit Program; creates Rural Industrial Site Development Grant Program

This bill, called the Rural Industry Reshoring and Reinvestment Act, aims to boost economic growth in rural areas by attracting manufacturing and supply chain businesses, especially those that were previously located outside the U.S. It would create a tax credit for eligible businesses that create jobs in designated rural opportunity zones and establish a grant program to help develop industrial sites in these areas. The bill would also provide job creation performance grants to businesses that create full-time jobs in rural opportunity zones.

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