Help Community and Small Business Development Agencies

President Obama made the following promise:

"Obama will provide additional resources to the federal Community Development Financial Institution Fund, the Small Business Administration and other federal agencies, especially to their local branch offices, to address community needs." — Obama's Blueprint for Change

Other promises regarding our economy.


Updated: January 20, 2009

Summers Pledges Help For Community Banks, Small Business

National Economic Council Director-designate Lawrence Summers wrote in a Jan. 15 letter to congressional leaders that the administration's Emergency Economic Stablilization plan would include "special efforts to restart lending to the small businesses responsible for over two-thirds of recent job creation" and "ensure the soundness of community banks throughout the country."

Updated: January 28, 2009

Stimulus Expands SBA Authority

The House-passed stimulus package includes provisions expanding the lending powers of the Small Business Administration and allowing debt refinancing under the Local Development Business Loan Program.

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