Announcement on funding for small business, creating new jobs

Today: Patt-McDaniel, Treasury officials to hold conference call announcing funding allocation for Ohio to help support small business lending and create new jobs

Ohio Department of Development Director Lisa Patt-McDaniel, and Counselor to the Secretary of the Treasury, Gene Sperling, will hold a conference call with reporters at 4 p.m. (Eastern)  TODAY to discuss Ohio’s funding allocation under the State Small Business Credit Initiative (SSBCI). The State Small Business Credit Initiative – created under the Small Business Jobs Act President Obama signed into law last week – is designed to strengthen innovative state programs that support private sector lending to small businesses. The SSBCI is one of several measures in the Small Business Jobs Act that will help entrepreneurs expand their businesses and create new jobs, including eight new small business tax cuts, and new Treasury and Small Business Administration initiatives to help unlock credit for small businesses.

WHAT: Conference call on funding allocation for major small business lending program

WHO: Lisa Patt-McDaniel, Director of the Ohio Department of Development Gene, Sperling, Counselor to the Secretary of the Treasury

WHEN: Thursday, October 7, 2010 – 4 p.m. (Eastern)

WHERE:        Members of the media interested in joining the call must email Kimber Perfect (Kimber.Perfect@development.ohio.gov) for dial-in information.

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