By Giddings H.R. No. 330 74R18 KMP-D R E S O L U T I O N 1-1 WHEREAS, With dynamic young firms currently generating more 1-2 than one-half of all new jobs in the South, the success of small, 1-3 independent businesses helps ensure job growth, prosperity, and 1-4 economic security for the citizens of Texas; and 1-5 WHEREAS, Despite their many contributions to the state's 1-6 economy, small businesses in Texas often are at a disadvantage in 1-7 obtaining start-up capital from local lending institutions; banks 1-8 typically invest in large, income-oriented companies that 1-9 distribute profits among investors, rather than in small, 1-10 growth-oriented companies that reinvest profits in expansion, 1-11 research, and development; and 1-12 WHEREAS, By using its depositors' funds to give loans to 1-13 local, growth-oriented companies, a bank can contribute to the 1-14 long-term economic development of the community that sustains it; 1-15 investment in local business increases a bank's contacts and 1-16 resources within the community, and also helps create a strong, 1-17 stable local economy that is less vulnerable to external economic 1-18 forces; now, therefore, be it 1-19 RESOLVED, That the House of Representatives of the 74th Texas 1-20 Legislature hereby encourage Texas banks and other lending 1-21 institutions to grant more loans to small, growth-oriented 1-22 enterprises in their communities in order to promote economic 1-23 development and job growth throughout the state of Texas.