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How Cities Can Provide Small Businesses with Access to Capital

By Mari Andrew | August 13, 2014

KC

The stats are undeniable. Small businesses employ more than half of the private sector workforce and created nearly two-thirds of net new jobs over the past decade and a half. Drill down further to new businesses and start-ups, and the outsized economic contributions are magnified.

But these numbers only tell you what you already know:  that independent shops, restaurants, service providers and start-ups are the backbone of your city’s economy and the heart of your city’s distinct character.

Unfortunately, however, access to capital has been and continues to be a key impediment to growth for these businesses.  Traditional loan and grant programs are tough to find, especially for young businesses and for entrepreneurs who face added barriers.  Many report not being able to expand their business, complete existing orders or hire.

The National League of Cities, with support of Wells Fargo, an NLC Capstone Corporate Partner, is hosting a summit, Providing Small Businesses with Access to Capital, to equip local economic development and small business development staff with the tools and resources they need to connect small and young businesses with financing opportunities.

The program will focus both on the foundational strategies every economic developer should have in their toolbox, as well as emerging strategies that are gaining traction in cities across the country.

Details

Who
: Economic development, small business development and other city staff and leaders interested in improving access to capital for small businesses in their community

What: One and a half day training seminar, including a mobile tour

Where: Intercontinental Hotel, Kansas City, Mo.

When: October 8-9, 2014

Space is limited, register now!  Registration for this session is free for NLC members and $100 for non-members.  Attendees will earn six NLCU credits. For more information, contact Christy McFarland at mcfarland@nlc.org or visit the event page.

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