Informational Session to Understand the Small Business Investment Company (SBIC Program)
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.
|8:30 – 9:00am||
Continental Breakfast & Registration
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
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
Wrap Up & Closing Remarks