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  • 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
  • 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
  • . 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
  • 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
  • , 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
  • , 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
FY01 Budget (Item)