updated: 11/18/2009 10:13:45 AM

Indiana Executive to Take Part in Obama's Small Business Forum

InsideINdianaBusiness.com Report

  Indiana Statewide Certified Development Corporation Executive Dir. Jean Wojtowicz says there is concern that the credit markets will have a bigger impact on small businesses in the next year.

The executive director of the Indiana Statewide Certified Development Corporation will be among those testifying before federal officials in Washington, D.C. today. Jean Wojtowicz says the forum is being convened by U.S. Treasury Secretary Timothy Geithner and Small Business Administrator Karen Mills to discuss small business financing issues.









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Source: Inside INdiana Business

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Wojtowicz also says a study by Credit Suisse also indicates there will be problems due to the amount of smaller firms with loans that are coming up for renewal over the next five years.

Members of the Obama Administration and Congress, Community Development Financial Institutions, small lenders and large financial institutions as well as industry associations are expected to attend the forum

Source: Inside INdiana Business


Press Release

WASHINGTON On Wednesday, Treasury Secretary Tim Geithner and Small Business Administrator Karen G. Mills will convene a forum on small business financing issues for a range of key stakeholders including policymakers, lenders, and small business owners to explore new ideas and strategies for expanding access to financing for small businesses. The event, which the President called for last month, is part of a larger effort to help small businesses grow, create new jobs, and contribute to our economic recovery and to challenge the private sector to increase lending to small businesses.

Source: The White House

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