Build & Grow Relationships

The best policies are based on data-driven research, using engaged, diverse stakeholders and by fostering thought that motivates people to think regionally. It is a process that CREC has done successfully since 2009, and it has helped expand our client base and grow communities. Clients vary from single municipalities and private-sector firms:

• Cities • Think tanks
• States • National organizations

Client Profile

U.S. Department of Treasury, State Small Business Credit Initiative

Under the auspices of the U.S. Department of Treasury, the State Small Business Credit Initiative (SSBCI) is expected to help spur up to $15 billion in lending to small businesses. Under the State Small Business Credit Initiative, participating states will use the federal funds for programs that leverage private lending to help finance small businesses and manufacturers that are creditworthy, but are not getting the loans they need to expand and create jobs.

Website: http://www.treasury.gov/resource-center/sb-programs/Pages/ssbci.aspx

Project Catalogue

Supporting the State Small Business Credit Initiative Lending Programs
Start Date: Nov 2013 — End Date: Sep 2017

Working collaboratively with commercial lending and community development finance subject matter experts (George Surgeon, David McGrady and Donna Nails), CREC provided technical assistance and support services for U.S. Treasury’s State Small Business Credit Initiative (SSBCI).

Project Updates

CREC Moderates Panel at SSBCI Conference in Washington, D.C.
May 6, 2016

Ken Poole moderated a panel discussing strategies for federal agencies to partner with states on small business lending at the State Small Business Credit Initiative (SSBCI) Conference in Washington, D.C.

CREC Co-Authors U.S. Treasury SSBCI Best Practices
October 14, 2015

Ken Poole, Ron Kelly, Martin Romitti, Sarah Gutschow and Brendan Buff have worked with Program Managers at the state-level to document best practices to strengthen SSBCI-funded programs in states across the country.

CREC Travels to Boise, Idaho
February 26, 2015

Ken Poole and CREC Consultant, David McGrady traveled to Boise Idaho to meet with Idaho Housing Finance Authority staff managing the Idaho State Small Business Credit Initiative, as well as lenders using the program.