Minority Entrepreneurs Quest to Obtain Financing Hearing Before the Subcommit

Cover Minority Entrepreneurs Quest to Obtain Financing Hearing Before the Subcommit
Minority Entrepreneurs Quest to Obtain Financing Hearing Before the Subcommit
Finance United States Congress House Committee On Small
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This will retain the sensitivity of the mission. Much could be done with the 7(j) program. In Arkansas, however, the contract has been so under- funded in the past that it was not meaningful in my opinion. Five or six years ago, a $28, 000 contract was for the State. Also the Commerce Department MBDC program could be expanded to cover more rural areas. CONCLUSION In closing, it has been an honor to be here. I have been blessed by God to spend a small portion of my career with some of the best p...eople I know. People who are serious about this work of community development and believe that there must be a set of risk takers. Delta CDC is community based. Our loan fund started with $98, 600 in investments of loans and equity from other community organizations. We are expanding our thinking on having the community invest in its own development because we feel that there is much the community can do to help itself. Therefore, we don't spend much time complaining about what others are not doing, but we are looking for partners.

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