U.S. Department of the Treasury, Office of Small & Disadvantaged Business Utilization, Access to Capital - Webinar - Advancing Small Businesses Series

In response to the Biden Administration’s Executive Order 13985, the U.S. Department of Treasury, Office of Small and Disadvantaged Business Utilization (OSDBU) is expanding our ecosystem of small businesses to include 8(a)/small disadvantaged businesses, women-owned small businesses, economically disadvantaged women-owned small businesses, service-disabled veterans, as well as companies located in Historically Underutilized Business Zones (HUBZones). These three Tracks represent our plan and rationale for ensuring inclusion and a successful, enterprising ecosystem at the U.S. Department of Treasury that aligns the Department’s requirements with the interests of businesses and economic growth.

Agenda

Event One: 10:15 a.m. – 11:00 a.m.

Leveraging Department of Treasury Economic Growth Programs to Stimulate Small Business Investment Companies (SBIC) and High Wage Jobs in Underserved and Under-resourced Communities

Synopsis: The Community Development Financial Institutions Fund (CDFI Fund) and New Markets program, play an important role in generating economic growth and opportunity in economically distressed communities. Learn how the Small Business Investment Companies (SBIC) program can complement CDFI and New Markets to accelerate wealth creation.

Event Two: 11:00 a.m. – 11:45 a.m.

Title: Leveraging Federal Programs to Improve Access to Capital for Small Businesses to include 8(a)/SDB, WOSB/EDWOSB, HUBZone located in underserved and under-resourced areas

Synopsis: The Biden-Harris Administration recently took new steps to narrow the racial financial divide by focusing on two key wealth-creators: small business ownership and home ownership. Learn about the $31 billion in small business programs that will increase access to capital for small businesses and provide mentoring, networking, and other forms of technical assistance to socially and economically disadvantaged businesses seeking to access federal contracts and participate in federal research and development investments.

Event Three: 11:45 a.m. - 1:00 p.m.

Title: Grow Your Business and Prepare for BIL Projects with SBA Contract Bonding Basics Synopsis: The U.S. Small Business Administration's Surety Bond Guarantee Program helps small and emerging businesses obtain bid, performance, and payment bonds when they lack the experience or financial resources to qualify through regular channels. SBA's bond guarantee on projects up to $10 million provides small and underserved businesses with increased contracting opportunities and helps maximize their bonding capacity. This session will explain contract bonds and why they are important to project owners, the qualification process, and how SBA can help small businesses obtain contract bonds or increase their current bonding capacity. Speaker: Tamara E. Murray, Underwriting Marketing Specialist, Office of Surety Guarantees - U.S. Small Business Administration

Closing Remarks by Melissa “Lisa” Jenkins, Stakeholder Engagement Program Manager/Women-Owned Small Business/Underserved & Under-resourced Communities – U.S. Department of the Treasury; and Torrance Chism, Director & Chief Learning Officer, Treasury Acquisition Institute, Internal Revenue Service, U.S. Department of the Treasury.