FDIC and OCC are collaborating to host a meeting in Illinois that aims to raise capital access for little companies. The meeting will showcase productive applications that help below resourced entrepreneurs and highlight the good influence of these initiatives. Participants will also discover approaches to overcome challenges in reaching this marketplace. The occasion will emphasize the advantages for monetary institutions, which includes possible Neighborhood Reinvestment Act (CRA) consideration. Representatives from the Illinois government, nearby government, and a Neighborhood Improvement Economic Institution (CDFI) will share insights on the State Smaller Company Credit Initiative (SSBCI) and other possibilities for financing little companies collaboratively.

The presenters for the meeting consist of Jo Ann Di Maggio Might, Director of IL Metro East Smaller Company Improvement Center at Southern Illinois University (SIU) Edwardsville and East St. Louis Center, Steve Kuehl, Neighborhood Affairs Officer at OCC, and Glenn Brewer, Neighborhood Affairs Specialist at FDIC.

The meeting will take spot on Wednesday, October 18, 2023, from 9:30 AM to 12:00 PM CT at Southern Illinois University Edwardsville – East St. Louis Center. The address is 601 James R Thompson Blvd. Developing A, East St Louis, Illinois. Interested attendees, which includes monetary institutions, nearby government, foundations, and neighborhood-primarily based organizations, are encouraged to register for the occasion on the net.

For any inquiries about the meeting, please make contact with Glenn Brewer at gbrewer@fdic.gov.

Extra sources associated to little small business improvement and capital access will be offered.