CREC Joins U.S. Treasury Department in Little Rock, ArkansasJanuary 27, 2015
CREC’s Ron Kelly joined George Surgeon and partners from the U.S. Treasury Department and Cromwell & Scmisseur in visiting the Arkansas Development Finance Authority in Little Rock, Arkansas. The team discussed the state’s capital programs obtaining funding through the U.S. Treasury State’s Small Business Credit Initiative (SSBCI).
On September 27, 2010, President Obama signed into law the Small Business Jobs Act of 2010 (the “Act”). The Act created the State Small Business Credit Initiative, which was funded with $1.5 billion to strengthen state programs that support lending to small businesses and small manufacturers. The State Small Business Credit Initiative is expected to help spur up to $15 billion in lending to small businesses.