(Archived Content)
WASHINGTON – On Tuesday May 3, 2016, the U.S. Treasury Department will host its annual State Small Business Credit Initiative (SSBCI) conference during National Small Business Week. The event will mark five years of the SSBCI program, and it will bring senior Obama Administration officials, state officials, and industry leaders together for a series of keynotes and panel discussions on ways to promote access to capital for small businesses. SSBCI is an innovative program that awards funds to local programs that can spur greater levels of private sector lending and investing for small businesses. The program allows each state to design its own small business support programs in response to local economic conditions. Through SSBCI, the U.S. Treasury Department awarded almost $1.5 billion to 47 states, the District of Columbia, five territories and municipalities in three states to fund programs that support small businesses. To date, the Treasury Department has disbursed more than $1.3 billion in SSBCI funds to participating states. States have reported more than $8 billion in private lending or investments to small businesses around the country. WHO:
- Don Graves, Deputy Assistant to the President and Counselor to the Vice President
- Amias Gerety, Acting Assistant Secretary for Financial Institutions, U.S. Treasury Department
- Cliff Kellogg, Executive Director of the Detroit Federal Working Group
- John Arensmeyer, Chief Executive Officer of Small Business Majority WHAT:State Small Business Credit Initiative Conference WHEN:Tuesday, May 3, 2016 8:00 a.m. – 11:00 a.m. EDT WHERE: Main Auditorium Office of the Comptroller of the Currency Headquarters 400 7th Street SW Washington, D.C. 20219 RSVP: Media planning to attend must RSVP to Daniel Cruz at daniel.cruz@treasury.gov. Media can enter on the 7th Street SW entrance and must present a valid government-issued identification at the building security desk for access to the event. AGENDA: 8:20 Opening remarks: Jessica Milano, Deputy Assistant Secretary and Don Graves, Deputy Assistant to the President and Counselor to the Vice President 8:50 Small businesses case studies: Jeff Stout, Director, SSBCI 9:05 “How have flexible dollars changed states’ approach to capital programs?” A panel discussion moderated by Amias Gerety, Acting Assistant Secretary for Financial Institutions 10:15 Leading lending partners: Cliff Kellogg, Executive Director, Detroit Federal Working Group 10:30 Closing remarks - John Arensmeyer, CEO of Small Business Majority ###