Every year public agencies provide billions of dollars in loan guarantees for small business enterprises. Despite this investment, many entrepreneurs are unable to secure the financing they need to expand and generate jobs. Join us for a private investment and public agency forum with high ranking and highly visible speakers in a discussion of public credit subsidy programs and potential incentives for organizing and financing small business credit enhancements.

This financial workshop is intended to examine methods for organizing and financing small business credit enhancement programs to meet a series of vital tests. Join us as we work together to propose practical solutions to address the policy and regulatory issues raised by a customized pilot model aimed at addressing underserved markets in California.

Agenda

Customizing Federal and State Loan Guarantee Programs

Thursday, June 14, 2012

Opening Reception - Overview of workshop agenda and expected outcomes
Paul Pryde, Capital Access Group

Friday, June 15, 2012

Registration and networking. Continental breakfast served.
Welcoming remarks - Scott Turner, Federal Reserve Bank of San Francisco
View from Washington

• Introduction by John Nelson, Wall Street Without Walls
• Dan Graves, Deputy Assistant Secretary for Small Business and Community
• Development and Housing, U.S. Department of the Treasury
• Jonathan Greenblatt, Special Assistant to the President and Director, Office of Social Innovation and Civic Participation, U.S. Domestic Policy Council
  

Overview of Federal and State Credit Programs

• Moderated discussion by Doug Criscitello, Grant Thornton, LLP with local, state and federal lenders and agencies.

Networking Break

Strategies for Improving Federal and State Credit Programs

• Presentation by Paul Pryde, Capital Access Group and;
• Moderated discussion by Michael Banner, Los Angeles LDC with local community-based lenders and financial institutions
  

Presentation: Luther Ragin, The Global Impact Investment Network

Funding the Cost of Federal and State Guarantees: Sources and Structure of Capital

• Presentation by Luther Ragin, The Global Impact Investment Network

Lunch and Breakout Sessions

A. Credit enhancement costs: a financing model
B. Federal/state policy issues and regulatory barriers
C. Customized credit enhancement: building the lending model

Plenary Group Discussion:

Report-out of the breakout sessions with suggestions of models for California and Los Angeles

• Respondent: Ralph Lippman, California Community Economic Development Association (CCEDA)

Next steps:

Creating a credit enhancement program customized for Los Angeles

• Facilitated discussion with Glenn Yago, Milken Institute

Closing Remarks from the Participants

Adjourn