U.S. Department of the Treasury

WASHINGTON – On Tuesday May 12, 2015, the U.S. Treasury Department will host its annual State Small Business Credit Initiative (SSBCI) conference in Washington D.C. The event will bring together senior officials from the Treasury Department and the Office of the Comptroller of the Currency, state officials, and industry leaders for a dialogue on the SSBCI program and ways to promote access to capital for small businesses.  

SSBCI is an innovative program that awards funds to state agencies for lending and investing programs. 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 and small manufacturers. To date, the Treasury Department has disbursed more than $1.1 billion in SSBCI funds to participating states.  This has resulted in more than $6 billion in private lending or investments to small businesses around the country.

WHO:             

Antonio Weiss, Counselor to the Secretary, U.S. Treasury Department

Thomas J. Curry, Comptroller of the Currency, Office of the Comptroller of the Currency

Amias Gerety, Acting Assistant Secretary for Financial Institutions, U.S. Treasury Department

                        

WHAT:          

State Small Business Credit Initiative Conference

WHEN:          

Tuesday, May 12, 2015

8:00 a.m. – 1:15 p.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 driver’s license at the building security desk for access to the event. 

AGENDA: 

8:30 a.m. Welcome and Opening Remarks

Speakers:

Thomas J. Curry, Comptroller of the Currency, Office of the Comptroller of the Currency

Antonio Weiss, Counselor to the Secretary, U.S. Treasury Department

Barry Wides, Deputy Comptroller for Community Affairs, Office of the Comptroller of the Currency

Jessica Milano, Deputy Assistant Secretary, U.S. Treasury Department

Jeffrey Stout, Director of the SSBCI Program, U.S. Treasury Department

9:10 a.m. Panel Discussion: Lending and Equity Investing Trends 

Moderator: 

Amias Gerety, Acting Assistant Secretary, U.S. Treasury Department

Panelists:

Robert Atkinson, President, Information Technology and Innovation Foundation

Gerald Cohen, Deputy Assistant Secretary for Macroeconomic Policy, U.S. Treasury Department

Alex Lykken, Editor, PitchBook Data

Claire Kramer Mills, Assistant Vice President and Community Affairs Officer, Federal Reserve Bank of New York

11:00 a.m. Panel Discussion: Moving Companies to the Next Stage - Venture Capital Programs 

Moderator:

Eric Cromwell, Consultant, Cromwell Schmisseur

Panelists: 

Jennifer Dunham, Partner, Arsenal Venture Partners

Rich Horan, Senior Managing Director, Slater Technology Fund

Phil Lodato, General Counsel, Elevate Ventures

John Sider, Director of Second Stage Capital, Ben Franklin Technology Partners 

Rex Smitherman, Senior Vice President, i2E

11:00 a.m. Panel Discussion: Maximizing the Impact of Credit Support Programs – Lending Programs 

Moderator:

Cliff Kellogg, Executive Director, Detroit Federal Working Group, White House Office of Management and Budget

Panelists:

Chris Cook, Director, Capital Access, Michigan Economic Development Corporation

Holly Hunt, SSBCI Program Manager, Georgia Department of Community Affairs

Kimberly Easland, Finance Director, South Dakota Governor’s Office of Economic Development

Thomas Wall, Director, Small Business Credit Initiative, North Carolina Rural Center

12:30 p.m. Keynote Speaker

Michael Barr, Professor of Law, University of Michigan Law School

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