The purpose of this legislation, known as the GREATER Act, is to promote and expand rural entrepreneurship in specific regions of the United States, namely the Appalachian region and the Delta region. It aims to enhance support for small businesses in these areas, which often face unique challenges compared to urban counterparts. Key provisions of the GREATER Act require the Small Business Administration, the Appalachian Regional Commission, and the Delta Regional Authority to collaborate and create a formal agreement within 120 days of the law's enactment.