Friday, May 28, 2010
Obama, who has been criticized for not doing enough to generate job growth, proposed the plan back in February. The proposal has faced questions as to whether or not it would work.
During the worst recession in decades, many small businesses reported having trouble getting credit.
The legislation would establish a $30 billion fund to boost lending to small businesses looking to hire and expand their operations by providing additional capital to community banks.
The House of Representatives' Financial Services Committee approved the Small Business Lending Fund Act by a vote of 42-23 last week. House Speaker Nancy Pelosi said at the time the legislation would be brought up for a vote soon in the full House.
Obama is to urge both the House and the Senate to act on the proposals as soon as possible during a 11:15 a.m. EDT White House event honoring Small Business Owners of the Year.
"This shouldn't be a partisan issue. This shouldn't be an issue of big government versus small government," Obama will say, according to excerpts of his remarks released by the White House.
"This is an issue of putting our government on the side of the small business owners who create most of the jobs in this country," he will say.
Job growth and government spending are major issues in November congressional elections in which Republicans hope to gain ground on large Democratic majorities in the House and the Senate.
Some Republicans have opposed the lending plan, arguing it was the wrong prescription for battered small businesses. They have said it would encourage more government involvement in private businesses along the lines of the $700 billion Wall Street bailout known as the Troubled Asset Relief Program (TARP).
The plan calls for the government to inject capital into independent banks. In return the banks would pay the government a dividend, but the dividend rate would decline as their lending to small businesses increased.
Wednesday, May 5, 2010
Sunday, May 2, 2010
Site Location Partnership Client Announces Economic Development Project to Create 250 Jobs in Hendricks County, Indiana
FOR IMMEDIATE RELEASE
Logistics Firm s2f Investing $10.8 Million in Plainfield Facility
Plainfield, IN, May 2, 2010 – Site Location Partnership, a Dallas-based corporate site selection consulting firm, announced that s2f Worldwide, LLC, a startup provider of supply chain and logistics services, will establish its headquarters and distribution operations in Hendricks County, Indiana. The economic development project will create 250 new jobs in Plainfield by 2013.
s2f Worldwide, which offers a range of transportation management, warehousing and distribution services, will invest $10.8 million to lease and equip a 200,000 square-foot distribution center and office building near the Indianapolis International Airport. "Plainfield's infrastructure makes it an ideal location for s2f. We look forward to bringing jobs to our state and becoming an engaged community partner," said Randall J. Lewis, president of s2f Worldwide.
"We are gratified that s2f Worldwide has chosen Plainfield to locate its new distribution facility," said Robin G. Brandgard, president of the Plainfield Town Council. "The new jobs and investment that s2f brings to our community is confirmation that our investment in infrastructure and our outstanding location continue to make Plainfield a premier location for new or expanding businesses."
The statewide Indiana Economic Development Corporation offered s2f up to $2 million in performance-based tax credits and up to $45,000 in training grants based on the company's job creation plans. "There is no location more accessible or more convenient for logistics operations than Indiana," said Governor Mitch Daniels. "Plainfield continues to be among the top choices anywhere for businesses like s2f to grow and expand."
For more information on Site Location Partnership, visit http://www.sitelocationpartnership.com
About s2f Worldwide
s2f Worldwide was established to specialize in the integration of all functions across the supply chain, from sourcing of raw materials, through product manufacturing to the distribution of finished goods. The company is committed to helping firms attain operational excellence across their entire supply chains.
About The Hendricks County Economic Development Partnership
The Hendricks County Economic Development Partnership (HCEDP) was created to compete effectively for quality economic development throughout Hendricks County by providing unified, proactive public/private leadership. HCEDP’s goals are to increase the number of quality jobs in the county and increase the non-resident share of the tax base. HCEDP provides leadership through public/private partnership to support the infrastructure, land use planning, and business park development necessary for quality economic growth.
About Site Location Partnership
Site Location Partnership (SLP) is a full-service consulting firm specializing in corporate site selection and business attraction for economic development. Site Location Partnership’s Corporate Location Practice provides advisory services to companies seeking optimal locations for new facilities or relocation operations. Site Location Partnership’s Economic Development Practice assists entities in attracting targeted industries to drive job creation and new corporate investment.
Strategic Initiatives Specialist
Site Location Partnership