Thursday, April 5, 2012
Welcome & opening remarks
Federal Reserve Bank of Cleveland
Setting the stage: Credit gaps and other challenges in small business and microenterprise development
It is generally recognized that there is a lack of capital for small business start ups and development, as well as for the special needs of micro-enterprise in the 4th District. How much of a gap exists? Is access to capital the only barrier to micro-enterprise development? What are some of the capacity issues facing the field? This discussion will focus on recent research and experience and will provide a context for the day's agenda.
Norma Polanco Boyd, OCC
Shilpa Kedar, Program Director, Economic Development, Cleveland Foundation
Bill Bumbalo, SCORE
Alex Nosse, Proprietor, Joy Machines Bike Shop
Q & A
Microenterprise and small business financing: Public and private sector funding
Partnerships between community development agencies, banks, micro-lenders, and small business development centers are a critical part of support for microenterprises and other small business. This discussion will explore various programs and models that provide partnership opportunities and potential for building capacity.
Mary Helen Petrus, Outreach Manager and Senior Policy Advisor, Federal Reserve Bank of Cleveland
Greg Zuca, Cuyahoga County Department of Economic Development
Kevin Schmotzer, Cleveland Department of Economic Development
Carrie Rosenfelt, Huntington Bank
John Dearborn, Jump Start
Q & A
Lunch: Innovative approaches to micro-finance, lending, and start-ups
Inna Kinney, ECDI
Candace Klein, Bad Girl Ventures
Risa Sherman, Sam Adams/ACCION microloan program
What's next for micro-enterprise development, and what about CRA?
Investing in microenterprise and small business can be a way for banks to fulfill their CRA obligations, and also achieve triple bottom line results, including job and wealth creation. This discussion will focus on exciting trends in micro-finance, how LMI communities may benefit, and implications for asset building strategies.
Angelisa Harris, FDIC
Joel Ratner, Neighborhood Progress Inc.
Ted Howard, Cleveland Foundation
Carrie Carpenter, Charter One Bank
Q & A