The Regional Economic Development Forum is an in-person meeting hosted by REX Development with municipal CEOs, economic development staff, and partners from throughout the region. REDFO is held at the South Central Regional Council of Government (SCRCOG) offices in North Haven, typically on the last Thursday of each month. Learn more here: REDFO – REX Development.
June Meeting Description:
Accessing capital is a challenge even for successful companies. Luckily, there are government-backed banks looking to lend specifically for small business expansion. The US Small Business Administration backs loans between $500k to $5m with lower down payments and longer terms than might be available in the traditional lending market – and the SBA considers any company with fewer than 500 employees a small business.
Sylina Jacobs, Outreach Specialist for the US Small Business Administration, will present with a local SBA-backed lender on the current loan products being offered and how you can connect your town’s businesses to access this funding.
Louis Silva, President & CEO, Community Investment Corporation, will talk about CIC’s work providing small businesses capital to start and grow, serving Connecticut, Rhode Island, and Massachusetts from their Hamden, CT headquarters.
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Lunch served 11:45
Guest Speaker Presentation 12-12:20
Q&A and Discussion 12:20-12:40
Forum Updates and Discussion 12:40-1pm