CDFA SSBCI Update - July 29, 2014
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| Features |
SSBCI Quarterly Report Summary March 2014
This summary of states' State Small Business Credit Initiative (SSBCI) quarterly reports highlights success stories, disbursement data, top performing states, funds allocated by program type, and more from SSBCI-participating states.
SSBCI Elevates a Wichita Pharmaceutical Company
A Wichita pharmaceutical company received a $63K SSBCI loan from NetWork Kansas through the SSBCI for its relocation to its larger and present building.
Bank of Guam Helps Business with SSBCI
The Bank of Guam, through the support of the State Small Business Credit Initiative, helps Quality Automotive Tech expands its business operations.
Promote Development Finance on Capitol Hill with CDFA - August 11-13
Please join CDFA as we advocate for essential development finance tools including: SSBCI; tax-exempt bonds; and clean energy on Capitol Hill. For more information, please contact Kevin White at 614-224-1317
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| Upcoming Events |
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| Legislative & Federal Affairs |
CDFA is the national leader for SSBCI advocacy on Capitol Hill. A look at the latest discussions and news impacting the SSBCI program:
CDVCA Endorses 2014 SSBCI Bill
Community Development Venture Capital Alliance | Jul. 16 | Access to Capital | Legislative | State Small Business Credit Initiative (SSBCI) | U.S. Dept. of Treasury | Federal
Visit CDFA's Legislative Affairs page for regular legislative updates, upcoming events, daily headlines, CDFA-led initiatives and more.
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| SSBCI Headlines |
U.S. Treasury: MI Leads Nation in Optimizing SSBCI Funds
metromode | Jul. 24 | Access to Capital | State Small Business Credit Initiative (SSBCI)
NH BFA Deploys 92 Percent of Total $13.1M in SSBCI Funds
New Hampshire Business Review | Jul. 15 | Access to Capital | Economic Development | State Finance Program | State Small Business Credit Initiative (SSBCI)
MT Awards $11M of SSBCI to Grow Businesses
Great Falls Tribute | Jul. 11 | Access to Capital | Innovation Finance | State Finance Program | State Small Business Credit Initiative (SSBCI) | U.S. Dept. of Treasury | Federal
SSBCI Helps Expand ID Small Business Collateral Program
Idaho Statesman | Jul. 8 | Access to Capital | Economic Development | State Small Business Credit Initiative (SSBCI) | U.S. Dept. of Treasury
Nearly $13M from SSBCI Available for WV Small Businesses
Register-Herald | Jul. 8 | Access to Capital | State Finance Program | State Small Business Credit Initiative (SSBCI) | U.S. Dept. of Treasury
$29M Distributed in SSBCI Funds since 2011 in AL
Alabama Media Group | Jul. 7 | Access to Capital | State Small Business Credit Initiative (SSBCI) | U.S. Dept. of Treasury
SC Awards $17.6M for Small Businesses with SSBCI Funds
Charleston Chronicle | Jul. 7 | Access to Capital | State Finance Program | State Small Business Credit Initiative (SSBCI) | U.S. Dept. of Treasury
$79.3M Federal Investment to Aid Michigan Small Businesses
Office of Senator Carl Levin | Jul. 7 | Access to Capital | State Small Business Credit Initiative (SSBCI) | State Finance Program
Missouri Awards $23.9M to Grow Small Businesses
FOX KRBK-TV | Jul. 7 | Access to Capital | State Small Business Credit Initiative (SSBCI) | State Finance Program
SSBCI Helps Saipan Environmental Business
Commonwealth Development Authority | Jun. 27 | Access to Capital | Community Development | Economic Development | State Small Business Credit Initiative (SSBCI)
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| New Additions to the Online Resource Database |
SSBCI OIG Audits and Treasury Sampling of Annual Reports and Disbursement Requests
Access to Capital | State Finance Program | U.S. Dept. of Treasury | Federal
This overview of OIG audits and the Treasury's sampling annual reports and disbursement requests is provided by Maureen Klovers of the Treasury.
Access to Capital: View from a Banker
Access to Capital | U.S. Dept. of Treasury | Federal | State Finance Program
This perspective on access to capital support programs is provided by David Jackson of Fifth Third Bank.
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The Council of Development Finance Agencies is a national association dedicated to the advancement of development finance concerns and interests. CDFA is comprised of the nation's leading and most knowledgeable members of the development finance community representing public, private and non-profit entities alike. For more information visit CDFA.net or email info@cdfa.net
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Council of Development Finance Agencies
85 E. Gay Street, Suite 700
Columbus, OH 43215
(614) 224-1300
info@cdfa.net
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