Stabenow, Peters urge support for business loan bill - Detroit Free Press
With a vacant, graffiti-covered building in the Eastern Market district as a backdrop, Michigan's two senators -- Debbie Stabenow and Gary Peters -- touted legislation today they introduced that would send millions in federal funding to Michigan... The senators, both Democrats, are seeking to reauthorize the State Small Business Credit Initiative that has funded efforts through the Michigan Economic Development Corp. , and other state-lending programs that leverage private loans, to provide access to capital for small business owners, such as Tammy Tedesco. Tedesco, the owner of Edibles Rex, expects to expand her 100-employee catering company by using a $1. 8 million small business loan she got through the federal program to opening a new cooperative kitchen in the 65,000 square-foot building off... Stabenow and Peters joined Tedesco to urge support for the legislation, dubbed the Small Business Access to Capital Act of 2015. They said it would provide an additional $500 million to states based on similar formulas used in the Small Business... "It is always great when you announce new legislation, but even better when you are able to announce legislation that's built on. Source: www.freep.com
