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Congressman Eric Swalwell (D-Dublin) will hold an outdoor news conference in downtown Hayward today to announce that he is introducing his first bill on the Hill, called the Main Street Revival Act.

The bill, HR 952, would allow some small businesses in economically depressed areas to defer their first year of payroll taxes to help spur economic development in the East Bay.

Swalwell's proposed legislation would limit the tax deferral to new businesses with fewer than 25 employees in specific zones designated by the Small Business Administration.

The news conference at 12:30 p.m. will be held in front of empty storefronts on the corner of B and Main streets in Hayward to highlight one of the neighborhoods that would benefit from the legislation.

Swalwell will be joined at the event by business, community and political leaders in Hayward and the surrounding areas.

During his recent campaign, Swalwell promised that his first bill would focus on economic development to help create jobs and grow the local economy.

Swalwell, a Dublin City Councilman and Alameda County prosecutor at the time, was elected last November to represent the Tri-Valley in the newly-aligned 15th Congressional District.

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