Malcolm wants to start a business in the prosperous little town of Grove City, a rural town of 10,000 about 65 miles from Pittsburgh, Pennsylvania. His business will create 25 manufacturing jobs. What federal agency would most likely be interested in guaranteeing a bank loan for Malcolm?
A) The Department of Housing and Urban Development
B) A local development company
C) U.S. Department of Agriculture's Rural Business Co-op Service
D) The Economic Development Administration
Correct Answer:
Verified
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