Congressman Adam Schiff told business owners and job seekers today he supports legislation prodding community banks to lend more to small businesses. He also supports hiring incentives, business start-up expenditure credits, and getting started on infrastructure projects like High Speed Rail to boost local employment. He commended manufacturers now “re-shoring”, saying we need to bring back ‘Made in the USA’.
Schiff spoke at a Small Business Assistance/Career Opportunity Fair he sponsored at the Pasadena Convention Center. Exhibitors included federal agencies, local chambers of commerce, and LA County offices. The LA County Business Loan Program was promoting HUD and SBA loans it traditionally offers (these are not stimulus funds) from $25K to $1 million, available to businesses turned down by private banks.
Glendale-based Verdugo Workforce Investment Board representatives were busy at their exhibit table. The event was well-attended, and breakout sessions offered tips on starting a business, developing an effective resume, gaining access to private-sector caital and financing, and keeping a business going in tough times.