US Dept of the Treasury -Access To Capital – Advancing Small Businesses
In response to the Biden Administration’s Executive Order 13985, the U.S. Department of Treasury, Office of Small and Disadvantaged Business Utilization is expanding its ecosystem of underserved small businesses small businesses to include WOSB/EDWOSB, SDVOSB, HUBZone, and small disadvantaged small businesses. These three Tracks represent our plan and rationale for ensuring inclusion and a successful, enterprising ecosystem at the U.S. Department of Treasury that aligns the Department’s requirements with the interests of businesses and economic growth:
Opening Remarks – U.S. Department of the Treasury Secretary/Deputy Secretary, Ron Lisa Jenkins, T.D. Chism
10:15 a.m. – 11:00 a.m. Title: Leveraging Department of Treasury Economic Growth Programs to Stimulate Small Business Investment Companies (SBIC) and High Wage Jobs in the Underserved and Under-resourced Communities
Synopsis: The Community Development Financial Institutions Fund (CDFI Fund) and New Markets program, play an important role in generating economic growth and opportunity in economically distressed communities. Learn how the Small Business Investment Companies (SBIC) program can complement CDFI and New Markets to accelerate wealth creation.
Panelists: Jodie Harris, CDFI – Invited, Michele Schimpp, Deputy Associate Administrator – Confirmed, Office of Investment and Innovation, SBA – Confirmed; Anita Davis, Praxis – WOSB – Confirmed
Moderator: Candace Waterman, Women Impacting Public Policy
11:00 a.m. – 11:45 a.m. Title: Leveraging Federal Programs to Improve Access to Capital for Small Businesses to include 8(a)/SDB, WOSB/EDWOSB, HUBZone located in underserved and underserved resource areas
Synopsis: The Biden-Harris Administration recently took new steps to narrow the racial financial divide by focusing on two key wealth-creators: small business ownership and home ownership. Learn about the $31 billion small disadvantaged owned businesses be more competitive.
Invited Panelists Teresa Moon, Parablis – Confirmed, T-Mobile – Confirmed, Bank of America – Invited, Chris Pilkerton, Accion Opportuity Fund – Confirmed
Moderator: Aditi Dussault, Senior Advisor to SBA Administrator (Pending SBA Internal Approvals)
11:45 a.m. – 12:30 p.m. Title: Grow Your Business and Prepare for BIL Projects with SBA Contract Bonding Basics
Synopsis: The U.S. Small Business Administration’s Surety Bond Guarantee Program helps small and emerging businesses obtain bid, performance, and payment bonds when they lack the experience or financial resources to qualify through regular channels. SBA’s bond guarantee on projects up to $10 million provides small and underserved businesses with increased contracting opportunities and helps maximize their bonding capacity. This session will explain contract bonds and why they are important to project owners, the qualification process, and how SBA can help small businesses obtain contract bonds or increase their current bonding capacity.
Speaker: Tamara E. Murray, Underwriting Marketing Specialist, U.S. Small Business Administration
12:30 a.m. – 12:45 – Closing Remarks Melissa Jenkins and T.D. Chism
