The more lenient lending policies enacted by the Federal Reserve last month have so far failed to increase demand from small businesses, indicating that the federal government’s attempts to spur the U.S. economy through more ag…
In Saturday’s New York Times, Gretchen Morgenson profiled economist Ian Shepherdson, who’s taking a more bullish stance. Namely, he sees the U.S. potentially following Sweden’s example of a sharp comeback after financial disast…
The Treasury Department announced a $1.5 billion lending package to boost small businesses at the state level.
The money will be available to states that can demonstrate that they will generate $10 in new private lending for every dollar of federal funds they receive, Reuters said. This could create a package worth a total of $15 billion.
California will receive $168.62 million,…
Continue reading Treasury Announces $1.5 Billion Small Business Package
Treasury Announces $1.5 Billion Small Business Package originally appeared on DailyFinance on Fri, 08 Oct 2010 06:43:00.