October 1, 2023 11:15 pm
FDIC and OCC jointly organize events in Illinois to increase modest company development and improve access to capital

FDIC and OCC are collaborating to host a meeting in Illinois that aims to improve capital access for modest organizations. The meeting will showcase effective applications that help beneath resourced entrepreneurs and highlight the constructive influence of these initiatives. Participants will also study approaches to overcome challenges in reaching this marketplace. The occasion will emphasize the advantages for economic institutions, such as prospective Neighborhood Reinvestment Act (CRA) consideration. Representatives from the Illinois government, neighborhood government, and a Neighborhood Improvement Monetary Institution (CDFI) will share insights on the State Modest Organization Credit Initiative (SSBCI) and other possibilities for financing modest organizations collaboratively.

The presenters for the meeting incorporate Jo Ann Di Maggio May well, Director of IL Metro East Modest Organization Improvement Center at Southern Illinois University (SIU) Edwardsville and East St. Louis Center, Steve Kuehl, Neighborhood Affairs Officer at OCC, and Glenn Brewer, Neighborhood Affairs Specialist at FDIC.

The meeting will take location on Wednesday, October 18, 2023, from 9:30 AM to 12:00 PM CT at Southern Illinois University Edwardsville – East St. Louis Center. The address is 601 James R Thompson Blvd. Developing A, East St Louis, Illinois. Interested attendees, such as economic institutions, neighborhood government, foundations, and neighborhood-primarily based organizations, are encouraged to register for the occasion on line.

For any inquiries about the meeting, please make contact with Glenn Brewer at gbrewer@fdic.gov.

Further sources associated to modest company improvement and capital access will be accessible.

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