Political Quotes

“Mr. President, today I am introducing the Small Business Lending and Inequality Reduction Act of 2015. It is a simple bill with a straightforward goal: to increase economic activity in underserved communities to help create jobs and reduce economic inequality. We must help low and moderate income communities grow by partnering with organizations that can channel expertise and resources to these communities. The bill I am introducing today would assist community development institutions provide more funding to small businesses. This bill would increase their ability to lend in underserved communities and promote development and economic growth. The more lending they can offer to underserved communities, the more those communities can prosper. One example of this process can be found from CDC Small Business Finance, an organization that has created more than 165,000 jobs and funded more than 10,000 small businesses. In Anaheim, CA, for example, they provided $178,000 in financing to help Gretchen Shoemaker and her family successfully launch a restaurant based on Gretchen's grandmother's Southern-style cooking in an historic area of Anaheim. Another example is Leatherby Family Creamery, an ice-cream parlor in Sacramento that opened in 1982 with the goal of creating a family- friendly community gathering place. They received a loan backed by the Small Business Administration that allowed them to modernize and expand their business.…”