Secretary Johansson Testifies for Fed Small Biz Lending Bill
Maryland Business and Economic Secretary Christian Johansson testified before Congress in support of proposed federal legislation that seeks to unlock credit for small businesses through state-run loan guarantee programs. Under the proposed State Small Business Credit Initiative Act of 2010, participating states and jurisdictions will receive a portion of federal funds to capitalize their loan guarantee programs. Governor O’Malley and Secretary Johansson were instrumental in crafting the federal legislation, which will be reviewed by the House Committee on Rules on June 14. Testimony Video.

In related small business news, the Department will participate in a series of free MBE University outreach sessions that offer training on the tools necessary for successfully doing business with Maryland as a minority or woman-owned business at the University of MD, Eastern Shore on June 16 and Hagerstown Community College on July 7.

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