From: Hernandez, Angelita (GOV)
Sent: Monday, September 27, 2010 4:49 PM
Subject: What the Governor's Talking about Today

Importance: High

What the Governor’s Talking about Today

Monday, September 27, 2010

 

Governor Hails Signing of Small Business Jobs Act

The governor today heralded the work of President Obama and Congress in enacting legislation that helps small businesses access credit so they can make new investments and create jobs.
 
“Today President Obama signed into law measures that will help our small businesses gain access to credit that will help them make new investments, create jobs and strengthen our nation’s economy,” the governor said.  “The Small Business Jobs Act is an important step as we continue building a new foundation to move America forward.”
 
Included in the new law is a $30 billion small business lending fund, $12 billion in tax breaks and $1.5 billion for the State Small Business Credit Initiative (SSBCI), a new program modeled after the successful Michigan Supplier Diversification Fund (MSDF).  The governor thanked members of the Michigan congressional delegation for sponsoring the SSBCI.
 
“I am grateful to the Michigan members of Congress who supported this legislation, especially Congressmen Peters, Levin and Dingell for introducing the State Small Business Credit Initiative in the House, and to Senators Stabenow and Levin for ensuring that it was included in the Senate bill,” the governor said.  “They understand the difficult lending environment that businesses face and have worked tirelessly to make sure that this new law would provide assistance to Michigan businesses and workers.”

 

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