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 packages that assist below resourced entrepreneurs and spotlight the constructive impression of those initiatives. Members may also be taught 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 Growth 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 embrace Jo Ann Di Maggio Could, Director of IL Metro East Small Enterprise Growth 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 handle 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.

Extra sources associated to small enterprise improvement and capital entry might be obtainable.

By Editor