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  • : Speechwriting Series/Staff Member: Jeff Shesol Subseries: OAIID Number: 19946 FolderiD: Folder Title: BusinessLINC Roundtable 8/10/99 Stack: Row: Section: Shelf: Position: s 91 6 9 1 •, I I ' I I · I I Withdrawal/Redaction Sheet
  • communities. FY 20'0'0': FY 20'0'1 proposed: $95 million $125 million BusinessLINC. The'Presidetlt's FY 20'0'0' budget includes seed money to expand Business LINC --- an innovative public-private partnership launched by Vice President Gore --- for new
  • and Technical Assistance • . Continued Growth for CDFls - 1rWoJvi • BusinessLINC \ I \ ' 'z CD ,; ':E ,L ' , , , .: Q) s::: :, .., ", 'CD , I '' tn " :l' , , "-­ -- I , _. Q) " , I, ' < 'CD ' Goals of the New Markets
  • , USA and New York BusinessLINC .. Harlem Last Thursday, I visited Harlem, USA. a major retail and entertainment center under construction at 125th Street and Frederick Douglass Boulevard which has been supported by the New York Empowerment Zone, Chase
  • Administration and The Department of Treasury Propose To Expand The BusinessLINC Program in Indian Country 1/% ^K\>. A COMPLETE LIST OF PRESIDENT CLINTON'S ANNOUCEMENTS OF PUBLIC AND PRIVATE SECTORS COMMITTMENTS TO BRING DIGITAL OPPORTUNITY NATIVE AMERICANS
  • BusinessLINC Harlem Last Thursday, I visited Harlem, USA, a major retail and entertainment center under construction at 125th Street and Frederick Douglass Boulevard which has been supported by the New York Empowennent Zone, Chase Manh~ttan Bank (as part ofits
  • Roundtable chaired by Bob Johnson orBET (recent article in the i\'ew York Times) D'escription of the BusinessLINC Initiative 9 " 1. Launched by VOTUS, the BusinessLINC Initiative is a new partnership . between the Federal government andAmerica's business
  • AND THE LMI INVESTMENT INITIATIVE NEW MARKETS LENDING COMPANY PROGRAM BUSINESSLINC NEW MARKETS TAX CREDIT: SPURRING INVESTMENT FOR BUSINESS GROWTH IN URBAN AND RURAL COlVIMUNITIES AMERICA'S PRIVATE INVESTMENT COMPANIES Summary In the six
  • relationships - between large companies and small ones -through our BusinessLINC initiative. Investments ·like these are not only good for this · neighborhood. They're good for business; they're good for our .economy; and they're the right thing to do. 9
  • . BusinessLINC -- The President's budget will include $3 million in seed money to expand BusinessLINC -- an innovative pUblic-private partnership launched by Vice President Gore and led by Treasury Secretary Rubin and SBA Administrator Alvarez -- to new markets
  • STOPS 1. Chicago (Englewood), Illinois FOCUS: Investing in Inner Cities and BusinessLINC \ Background and Potential Deliverables • Englewood is a distressed community that has been highlighted by Reverend Jesse Jackson and Representative Bobby Rush
  • ). The Access Center will link over twelve agencies through a single-toll free number and website. The toll-free line and website will be up and running as of April 10. A demonstration could be available for a portion of the trip. Treasury/ SBA — BusinessLINC
  • $sRoundtabJe is prepared to make i major announcement opening a BusinessLINC chapter here. which could occur simultaneous1y in New York and Dallas. S. St. La.islEast St Lo.is, MO Theme; Focus on investments in urhan EZs Summary of Key Announcements
  • that McDonald's, which is represented here by its CEO, Jack Greenberg, is working to encourage these kind of mentoring relationships- hetween large · companies and small ones - through our BusinessLINC initiative. Investments like these are not only good
  • the need for technical assistance funds to loan recipients to allow growth and expansion of their small businesses. BusinessLINC: The Vice-President along with a number of CEOs launched BusinessLINC in December 1998 to encourage learning, investment
New Markets (Item)
  • - The President's budget will include $3 million in seed money to expand BusinessLINC ~~ an innovative publlc~priva!e partnership launched by Vice President Gore and led by Treasury Secretary Rubin and SBA Administrator Alvarez ~~ 10 new fnarkets in economically
  • funding for the CDFI Fund to $125 million--a $30 million increase from 1999. The Fund increases the availability of credit, investment capital, financial services, and other development services in distressed communities. 3 • BusinessLINC
  • .. Beginning in late March, workshops are scheduled for Chicago, Kansas City, New York, Atlanta, Dallas, Los Angeles and San Francisco. • BusinessLINC Initiative Last June, I announced this partnership between SBA, the Treasury Department and the business
  • in POTUS BusinessLINC event. (Tuesday, August 10th). - Work for enactment oftax credit portion of package' (New Markets Tax Credit, as well as low . income housing tax credit) as part of end of session tax bill. ' On list, not discussed: . - Provide
  • to do my part ifi tho vv celts and t1S3fbs . -atn@.. I Next week; I will send our new markets legislation to Congress; and over the next several weeks we will announce a new national effort to promote the BusinessLINC partnerships-- pairing big
  • Lending Companies (NMLCs): SBA will approve approximately 10 new non-bank lenders who have a strategy to target their lending to underserved areas. Other elements include seed money to expand BusinessLINC partnerships to encourage Jarge businesses"to work
New Markets (Item)
  • for small businesses. • BusinessLINC (Learning, Investment, Networking and Collaboration). The bill provides $7 million in funding for BusinessLINC - an innovative public-private partnership launched by Vice Pres. Gore -- and designed to encourage large
  • ] Domestic Agenda Radio Address 9/4/99 [OA/ID 19946] Baby Boom Echo Report 8/19/99 [OA/ID 19946] Safe Schools Video / LA shooting 8/10 - 12/99 [OA/ID 19946] BusinessLINC Roundtable 8/10/99 [OA/ID 19946] Gore 2000 Event 8/7/99 [OA/ID 19946] Debt Reduction 8/4
  • . The effort is nOW focused on bringing together local BusinessLINC partnerships. News of your potential visit could promote communities to compete to pull together the most inpovative and extensive local efforts to foster srnaU finus in their communities. 5
  • in the weeks and months ahead. Next week, I will send our new markets legislation to Congress; and over the next several weeks we will announce a new national effort to promote the BusinessLINC partnerships -- pairing big business with smaller, often
  • , operated by the SBA, is the model upon which much of the New Markets Initiative is based. The New Markets proposal also inch.tdes increased ftmding for the Community Development fjnancial Institutions Fund, BusinessLINC, and micro-lending programs. The tax
  • , that would leverage $800 million of new investment in underserved areas . ./ New Markets Venture Capital Program: Provides, subject to authorization, $16.5 million in funding for New Market Venture Capital Firms O\JMVCs) and BusinessLINC to bring equity
  • . One business owner of a small start-up told me that he needed capital- but he also needed guidance and advice. So last year, we created BusinessLINC, to encourage large businesses to work with start-ups in underserved communities. We are also learning
  • , subject to ,authorization, $16.5 million in funding for New Market Venture Capital Firms (NMVCs) and BusinessLINC to bring equity capital and technical as~istance to small businesses in low- and moderate-income neighborhoods. , . ADDRESSING HEALTH
  • increases the availability O.f credit, investment capital, financial services, and other develO.pment services in distressed cO.mmunitie~. • BusinessLINC. The President's FY 2000 budget includes seed mO.ney to' expand Business LINC --:- an innO.vative
  • of that program-and for his leadership in putting together a national BusinessLINC partnership. 10 The first round of Empowerment Zones has already resulted in $8 billion of new investment. Congress should fund the second round of these empowerment zones
  • investment in under served areas . ../ New Markets Venture Capital Program: Provides, subject to authorization, $16.5 million in funding for New Market Venture Capital Firms (NMVCs) and BusinessLINC to bring equity capital and technical assistance to small
  • in these communities. • Under Vice President Gore's leadership, we're also launching a new initiative, BusinessLINC, to help link larger businesses to smaller firms to provide technical assistance, joint venturing and contracting opportunities, especially to firms
  • tho),c d~lrs wider ihlm evcr IH'furc." • Bu!>fncssLlNC Leadership COlllitiun The Vice President announced the formation of a BusinessLINC leaJership c03lilion Dr expeI1s. comprise
  • Markets Venture Capital Program: Provides, subject to authorization, $16.5 million in funding for New Market Venture Capital Firms (NMVCs) and BusinessLINC to bring eq~lity capital and technical assistance to small businesses in low- and moderate-income
FY01 Budget (Item)
  • . Prescription Drug Vote 7/29/99 . 5. Debt Reduction 8/4/99 · 6. Gore 2000 Event 8/7/99 7. BusinessLinc Roundtable 8/10/99 . ·8. Safe Schools Video/ LA Shooting 8/10-12/99 9. BabY. Boom Echo Report 8/19/99 · . 10. Domestic Agenda Radio Address W4/99 11. Veto: GOP
[03/10/1999] (Item)
[01/19/1999] (Item)
  • Investment Companies (SBICs), and BusinessLINC, which helps link larger businesses to smaller firms. Finally, with the Round II of the Empowerment Zones (EZs) and Enterprise Communities (ECs), Indian lands became eligible with the result that one reservation
  • have made providing equity capital to new markets a priority with my "New Markets Initiative." This initiative will help Indian Country with initiatives such as tax credits, Small Business Investment Companies (SBICs), and BusinessLINC, which helps link
  • Investment Corporation's (OPIC) successful investment fund that will leverage $800 million of new investment. . • New Markets Venture Capital Program: Including New Market Venture Capital Firms and BusinessLINC to bring investment and technical assistance
Newsclips (Item)