FDIC and OCC jointly organize events in Illinois to enhance tiny company development and boost access to capital

FDIC and OCC are collaborating to host a meeting in Illinois that aims to boost capital access for tiny corporations. The meeting will showcase prosperous applications that help below resourced entrepreneurs and highlight the constructive influence of these initiatives. Participants will also discover tactics to overcome challenges in reaching this industry. The occasion will emphasize the advantages for economic institutions, such as possible Neighborhood Reinvestment Act (CRA) consideration. Representatives from the Illinois government, nearby government, and a Neighborhood Improvement Monetary Institution (CDFI) will share insights on the State Tiny Organization Credit Initiative (SSBCI) and other possibilities for financing tiny corporations collaboratively.

The presenters for the meeting incorporate Jo Ann Di Maggio May possibly, Director of IL Metro East Tiny 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. Creating A, East St Louis, Illinois. Interested attendees, such as economic institutions, nearby government, foundations, and neighborhood-primarily based organizations, are encouraged to register for the occasion on the web.

For any inquiries about the meeting, please speak to Glenn Brewer at gbrewer@fdic.gov.

Added sources connected to tiny company improvement and capital access will be accessible.