CREC Project News and Updates

CREC Travels to Boise, Idaho

February 26, 2015

Ken Poole and the Center for Regional Economic Competitiveness (CREC) Consultant, David McGrady traveled to Boise, Idaho. There, they met with both the state’s housing finance authority to discuss the Idaho State Small Business Credit Initiative and lenders who are using the program.

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.

About This Project

Supporting the State Small Business Credit Initiative Lending Programs
Start Date: Jan 1970 — End Date: Jan 1970

Working collaboratively with commercial lending and community development finance subject matter experts (George Surgeon, David McGrady and Donna Nails), CREC provided technical assistance and support services for U.S. Treasury’s State Small Business Credit Initiative (SSBCI).

About the Client

U.S. Department of Treasury, State Small Business Credit Initiative

The State Small Business Credit Initiative is a federal program administered by the U.S. Department of the Treasury funded with $1.5 billion to strengthen state programs that support private financing to small businesses and small manufacturers.