Over the last 5 years, one of the local CDCs serving my district, the California 39th District, is CDC Small Business Finance. And this has provided over 24 small businesses with financing over $34 million and supporting 667 jobs.
Highlighting the success of a local CDC in financing small businesses and job creation.
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I believe the Biden Administration's American Rescue Plan's $1.9-trillion injection into the economy helped spur inflation to 9.1 percent in 2022.
High inflation over 4 decades has led to real-life consequences in the form of failed banks, with over $400 billion, in essence, wiped out from two of the largest banks that are headquartered in California.
Getting information out to our military community before they are at risk, before they are homeless, to connect them to the right resources, to connect them to the VA, we should be leveraging those touch points, if you will, on a day to day.
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