Addressing the Financing Needs of Wisconsin’s Small Businesses
The Federal Reserve Bank of Chicago, in collaboration with the Small Business Administration and the Community Bankers of Wisconsin, is convening a roundtable meeting on "Addressing the Financing Needs of Wisconsin’s Small Businesses: A Federal Reserve System Series." The roundtable will identify existing credit gaps in small business financing, share promising practices, and highlight regional, local or industry-specific differences as well as national themes in credit access and technical support for small businesses.
Event is Invitation Only.
Registration and Continental Breakfast
Welcome and Opening Remarks
Economic Forecast and Outlook on Small Business LendingThe most recent economic forecast for 2010 is provided along with an update on the current state of small business lending.
William Testa, Vice President, Federal Reserve Bank of Chicago
Panel: Obstacles, Challenges, Successes and Lessons Learned from Lending to Creditworthy Small Businesses During the Financial CrisisLoans to small businesses are especially vital to our economy, as they employ nearly 40 percent of the private sector workforce. While conditions in financial markets continue to improve, access to credit remains difficult for many small businesses that largely depend on banks for credit. This panel will discuss the myths and realities of reduced lending to small businesses and seeks to discover ways to improve the prospects for small business lending.
Daryll Lund, President and Chief Executive Officer, Community Bankers of Wisconsin
Raymond Bacon, Vice President, Federal Reserve Bank of Chicago
Paul Kuplic, Vice President and Commercial Loan Officer, Community Bank & Trust, Sheboygan, WI
Bill G Smith, Wisconsin State Director, National Federation of Independent Businesses
William P Beckett, President and Chief Executive Officer, Chrysalis Packaging & Assembly Corporation (CHRYSPAC) and Federal Reserve Board Consumer Advisory Council Member (Invited)
Break & Networking
Panel: Obstacles, Challenges, Successes and Lessons Learned from Providing Community Infrastructure to Support and Strengthen the Efficient Flow of Credit to Creditworthy Small Businesses During the Financial CrisisA panel of nonprofit small business lenders, technical assistance providers and local government discuss the current environment faced by providers of infrastructure and support services to small businesses. The panel discussion will include SBA lending, minority entrepreneurship and identification of credit gaps with respect to small business credit products, types of financial institutions or demographic groups (including minority borrowers).
Presenter and Moderator
Eric Ness, Wisconsin District Director, U.S. Small Business Administrator
Barbara Eckblad, Director of Lending, Wisconsin Women’s Business Initiative Corporation
Gayle Kugler, State Director, Wisconsin Small Business Development Center (Invited)
Maria Monreal-Cameron, President and Chief Executive Officer, Milwaukee Hispanic Chamber of Commerce (Invited)
Working Lunch and Facilitated DiscussionsThe purpose of the working lunch is to provide attendees the opportunity to contribute feedback to facilitators regarding solutions to the reduction of credit for small businesses. Federal Reserve Community Affairs staff will summarize today’s proceedings and forward it to the Board of Governors.
Closing Remarks and Adjourn
Last Updated: 05/17/2010