Helping Communities Shine

Whether researching and implementing ways to shape a community's economic development plan or partnering to create ways to put people to work, CREC connects researchers and policymakers with:

     • Data training
     • Custom portfolios that aid regional competitiveness

Project Profile

Supporting the State Small Business Credit Initiative Lending Programs

U.S. Department of Treasury, State Small Business Credit Initiative
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.  This support included a review of all state lending programs receiving funding through the Initiative, supporting Treasury’s relationship managers with providing technical assistance to state program managers, and compiling a final report and internal memo about lessons learned.  In addition, CREC staff completed an annual review of the Initiative using year-end program data and evaluated program modification requests submitted by state program managers.  CREC also helped in the program development and logistics planning of the SSBCI Annual Conference, with core CREC team members serving as either subject matter expert or moderator in panel discussions.

CREC Special Report:

Filling the Small Business Lending Gap: Lessons from the U.S. Treasury’s State Small Business Credit Initiative (SSBCI) Loan Programs (January 2014)

Plan Your Economic FutureTechnical Assistance

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.

Project Updates

CREC Moderates Panel at SSBCI Conference in Washington, D.C.
May 6, 2016

Ken Poole moderated a panel discussing strategies for federal agencies to partner with states on small business lending at the State Small Business Credit Initiative (SSBCI) Conference in Washington, D.C.

CREC Co-Authors U.S. Treasury SSBCI Best Practices
October 14, 2015

Ken Poole, Ron Kelly, Martin Romitti, Sarah Gutschow and Brendan Buff have worked with Program Managers at the state-level to document best practices to strengthen SSBCI-funded programs in states across the country.

CREC Travels to Boise, Idaho
February 26, 2015

Ken Poole and CREC Consultant, David McGrady traveled to Boise Idaho to meet with Idaho Housing Finance Authority staff managing the Idaho State Small Business Credit Initiative, as well as lenders using the program.