Thurman Statement on the Obama Administration's New Small Business Lending Fund

Fund To Invest $30 Billion in Small Businesses, Will Spur Growth and Job Creation

NEWS FROM THE FLORIDA DEMOCRATIC PARTY

For Immediate Release: Feb. 2, 2010

Thurman Statement on the Obama Administration's New Small Business Lending Fund

Fund To Invest $30 Billion in Small Businesses, Will Spur Growth and Job Creation

Tallahassee, FL - Today, the Obama Administration announced plans to create a new small business lending fund using $30 billion from money paid back to the government from bailed out banks as part of the Troubled Assets Relief Program (TARP).  The new fund is a critical part of the President's approach to getting the country back to work and ensuring that small businesses have the resources they need to grow and create new jobs.  Florida Democratic Party Chair Karen Thurman issued the following statement on the fund:

"The announcement today of the Obama Administration's plans to invest $30 billion into a small business lending fund is an important step towards reducing unemployment and creating jobs here in Florida and across the country. This fund will complement other Small Business Administration initiatives announced by the President which increase lending, eliminate fees and cut taxes for small businesses.

"This new fund will give small business the support they need to grow and create new jobs. After eight years of failed, irresponsible policies, we are finally getting our economy back on track.  While we still have work to do to reduce unemployment and fix the economy, this is a critical step on the road to getting Floridians back to work."   

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