The AEO team is heading to Capitol Hill for our Congressional briefing. In response to a challenge issued by Treasury Secretary Jacob Lew to solve for the 8,000 business loan requests that are declined every day in America, the Association for Enterprise Opportunity (AEO) forged a plan to unblock the flow of capital to Main Street. AEO will share its proposal at a Congressional Briefing on Thursday, July 10, 11 a.m. at the Russell Senate Office Building. Sen. Maria Cantwell, D-Wash., Chairperson of the Small Business and Entrepreneurship Committee, will give opening remarks. “In the land of the great American Dream, 8,000 daily business loan denials are symptomatic of a massive market failure. Our analysis shows it’s a failure to deliver an estimated $44 billion to $52 billion in critical capital to Main Street. Each time business owners are denied requests for capital, it hinders their ability to start, grow or hire,” says Connie Evans, AEO president and CEO.
Posted on: Thu, 10 Jul 2014 14:09:53 +0000
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