Opening Plenary and Welcome Remarks | 2024 Small Business Finance Forum

Unlocking Opportunities: CDFIs and the State Small Business Credit Initiative
The State Small Business Credit Initiative is a historic 10-year, $10 billion investment in stimulating access to capital for small businesses and entrepreneurs across the U.S. CDFIs have more opportunities to participate in this program than in its first iteration more than a decade ago, in large part because of the program’s increased focus on reaching our core target markets.

The plenary will delve into why CDFIs are participating and steps to help them access these resources – hopefully in ways that can sustain long-term impact for them and their communities.

Chapters:
0:00 Welcome Remarks
4:22 Remarks from OFN President and CEO
23:10 Plenary Introduction
25:44 What is the State Small Business Credit Initiative (SSBCI)?
30:23 SSBCI 2.0 and SSBCI 1.0: Key Differences
34:15 Initiative for Inclusive Entrepreneurship
36:32 CDFIs Participation in SSBCI
44:55 Benefits and Challenges
51:49 Takeaways from the Conversation

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