Testimony to Congress: Overhaul Federal Policy to Support Strong Local Economies

Date: 16 Apr 2015 | posted in: Retail | 0 Facebooktwitterredditmail

This week, ILSR’s Stacy Mitchell shared her research and perspective with members of Congress at a hearing organized by the Congressional Progressive Caucus. The forum focused on how federal contracting and other forms of financial support for business should be overhauled to reflect American values of fairness, opportunity, and broad prosperity. … Read More

Critical Small Business Loan Program Cut

Date: 1 Nov 2002 | posted in: Retail | 0 Facebooktwitterredditmail

The Bush Administration has cut the federal government’s largest and most important small business loan program by more than 60 percent. This year, the program will back only $4.4 billion in loans, compared to nearly $12 billion last year. The program, known as 7(a), is run by the Small Business Administration and guarantees loans of up to $2 million made to small businesses. It is the largest source of long-term working capital for small businesses in the nation, accounting for some 40 percent of available financing. … Read More

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