FDIC and OCC collectively manage occasions in Illinois to spice up small enterprise progress and enhance entry to capital

FDIC and OCC are collaborating to host a gathering in Illinois that goals to extend capital entry for small companies. The assembly will showcase profitable applications that assist beneath resourced entrepreneurs and spotlight the optimistic influence of those initiatives. Contributors may also study methods to beat challenges in reaching this market. The occasion will emphasize the advantages for monetary establishments, together with potential Neighborhood Reinvestment Act (CRA) consideration. Representatives from the Illinois authorities, native authorities, and a Neighborhood Improvement Monetary Establishment (CDFI) will share insights on the State Small Enterprise Credit score Initiative (SSBCI) and different alternatives for financing small companies collaboratively.

The presenters for the assembly embody Jo Ann Di Maggio Might, Director of IL Metro East Small Enterprise Improvement Heart at Southern Illinois College (SIU) Edwardsville and East St. Louis Heart, Steve Kuehl, Neighborhood Affairs Officer at OCC, and Glenn Brewer, Neighborhood Affairs Specialist at FDIC.

The assembly will happen on Wednesday, October 18, 2023, from 9:30 AM to 12:00 PM CT at Southern Illinois College Edwardsville – East St. Louis Heart. The tackle is 601 James R Thompson Blvd. Constructing A, East St Louis, Illinois. attendees, together with monetary establishments, native authorities, foundations, and community-based organizations, are inspired to register for the occasion on-line.

For any inquiries concerning the assembly, please contact Glenn Brewer at gbrewer@fdic.gov.

Further sources associated to small enterprise growth and capital entry might be accessible.