2018-07-18 洛克蘭郡 Rockland Lenders Roundtable

Thanks to Lucy Redzeposki, Director of Rockland County Economic Development and Tourism

for coordinating the SBA Lenders Roundtable

Special thanks to Bailey for driving Robin and me up there and back

HNA Palisades Premier Conference Center

 Ed Day, Rockland County Executive

 L-R: Lucy, Beth, John

Group Photo by Bailey

 on George Washington Bridge

Fort Lee on the right and Manhattan on the left

 

on Westside Highway back to the office

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_{NEW YORK DISTRICT OFFICE}

_{Release Date: July 23, 2018                           Contact: bailey.wolff@sba.gov}

_{Release Number: 18-19                     Follow us on Twitter, Facebook, Blogs & Instagram}

_{Rockland County Executive Ed Day hosts U.S. Small Business Administration (SBA) and small business lenders at Economic Roundtable}

_{New York – Beth Goldberg, Director of the New York District Office of the U.S. Small Business Administration (SBA), said that her agency has guaranteed $28.8 million in small business loans to Rockland County businesses through the first three quarters of FY 2018.}

_{“We’ve seen a nearly-60 percent increase in dollar volume and an 85 percent increase in the number of SBA guaranteed loans to Rockland County small businesses over the same period last year,” Goldberg said.}

_{In October, 2015, SBA signed a Strategic Agreement Memorandum (SAM) with Rockland County Executive Ed Day, focused on bolstering job creation, access to entrepreneurship training, educating lenders on the SBA loan guarantee and overall stimulation of the economy. Both Goldberg and County Executive Day said that the plan has been working.}

_{“In the two years prior to signing this agreement, SBA guaranteed 21 loans worth $20 million in Rockland County,” Goldberg said. “In the nearly three years since signing the agreement, that number has jumped to nearly 300 loans worth about $100 million.”}

_{County Executive Day and his Director of Economic Growth and Tourism, Lucy Redzeposki, have worked particularly hard on spreading the word of the SBA loan guarantee to lenders throughout Rockland County, as well as focusing on bringing more tourists from all over the world to visit area hotels, restaurants and destinations.}

_{“I firmly believe that it is not the work of government to create jobs. Rather, it is the job of government to create an atmosphere where businesses thrive and jobs are created,” said County Executive Day. “With the help of the SBA we are doing just that all while respecting the lives and communities of our residents.”}

_{Goldberg said that 1,600 jobs had either been created or retained as the result of SBA loan guarantees throughout Rockland County since signing the memorandum with County Executive Day.}

_{“SBA’s partnership with Rockland County highlights onramps to capital access and education that have existed for decades but that entrepreneurs may not have known about before. The economic impact has been great – new jobs, more loan dollars, new businesses and revitalization,” Goldberg said.}

_{In addition to SBA and the County Executive’s Office, several small business lenders were on hand to meet one-on-one with SBA leadership and County Executive Day. Community Capital New York, Wells Fargo Bank, Trustco, M&T Bank, Peoples United Bank, Greater Hudson Bank and Capital One, all SBA lenders, were represented at the table.} 

_{“The SBA guarantee was designed for those small businesses that don’t fit a bank’s typical underwriting criteria. Maybe the business lacks collateral, or hasn’t been in business long enough to make the lender feel confident extending credit. In these cases, SBA can step in with the loan guarantee and possibly turn a ‘maybe’ into a ‘yes’,” Goldberg said.}

_{Tom Morley, Director of the Small Business Development Center (SBDC) at Rockland Community College, and Robert Janesak, Chairman of the Rockland County SCORE chapter, also participated in the roundtable. Both SCORE and the Small Business Development Center provide free, one-on-one or group business advising services, as well as market research and analysis, business plan writing, loan package preparation or help navigating any other obstacle an entrepreneur may encounter along his/her journey to starting or growing a business.} 

_{Morley said that his business center and the network of SCORE mentors offer “experience” and bring “reality” to the process small business owners go through when starting or growing their companies.} 

_{Earlier this year, SBA and Rockland County resigned their agreement, extending their partnership for another two years and allowing them to strengthen their efforts in delivering economic development tools to the nearly 34,000 small businesses already operating in Rockland County, as well as to enhance outreach to those looking to start a business.}