Informational Session to Understand the Small Business Investment Company (SBIC Program)
This Event Has Ended
Federal Reserve Bank of Boston
600 Atlantic Avenue
Boston, MA
4th Floor – Boston Room
Directions
In today's convening, we will discuss the history and evolution of Small Business Investment Company (SBIC) program. The SBIC is designed to facilitate the flow of long-term capital to America's small businesses. The Small Business Administration (SBA) does not provide capital directly to businesses. Instead, the SBA collaborates with private investors to capitalize professionally managed investment funds (known as SBICs) that finance small businesses.
Agenda
8:30 – 9:00am |
Continental Breakfast & Registration |
9:00 |
Welcome |
9:10 |
The State of Small Business Investment Company (SBIC) program– Policy, Regulation, Practice and Investment Moderator: Carmen Panacopoulos, Senior Financial Institution Relationship Manager, Federal Reserve Bank of Boston Distinguished Panel: Javier Saade – Associate Administrator of the SBA's Office of Investment and Innovation, SBA representative. Javier will provide general remarks on the program, licensing process, and how debenture funds today differ from Participating Securities funds from 10 years ago. Ammar Askari – Regulator and Community Development Expert, OCC Community Affairs Department and author of "Small Business Investment Companies: An Investment Option for Banks" Carl Kopfinger – Senior Vice President, Community Capital Group, TD Bank Ken Willis – First Vice President and Director of Housing & Community Development, Federal Home Loan Bank of Boston Presentation |
10:00 |
Wrap Up & Closing Remarks |