TODAY: Obama Cabinet Member to Visit Flint, MI

SBA disaster declaration would open door to low-cost lending for Flint businesses

***UPDATED SCHEDULE***

Feb 26, 2016, 08:58 ET from U.S. Small Business Administration

WASHINGTON, Feb. 26, 2016 /PRNewswire-USNewswire/ -- Maria Contreras-Sweet, Administrator for the U.S. Small Business Administration (SBA) and a member of President Obama's Cabinet, will be in Flint, Michigan Friday, February 26, to deliver a major announcement regarding additional SBA disaster assistance for businesses and individuals affected by the ongoing water crisis there.

Contreras-Sweet will be joined by U.S. Senator Debbie Stabenow, Flint Mayor Karen Weaver and the Assistant Secretary for the U.S. Department of Commerce, Jay Williams, for a tour of small businesses in Flint. At the conclusion of the tour, Contreras-Sweet will hold a press conference to announce SBA's economic recovery package for Flint. The Administrator will then host a lunch with stakeholders and community leaders at Churchill's Food and Spirits.

Earlier this month, the SBA announced that economic injury disaster loans were available for the Flint community. An SBA disaster declaration typically enables small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations to apply for low-interest SBA loans to help meet working capital needs caused by the ongoing water crisis.

WHO: Maria Contreras-Sweet, SBA Administrator
Debbie Stabenow, U.S. Senator
Jay Williams, Assistant Secretary, U.S. Department of Commerce
Karen Weaver, Mayor of Flint, MI        

WHAT: Media Availability

WHEN: Friday, February 26, 2016

WHERE: 11:30am Small Business Tour
Start at Flint & Genesee Chamber of Commerce
519 S. Saginaw St., Flint, MI 98502

12:15pm Press Conference Announcing Additional Assistance
Flint & Genesee Chamber
519 S. Saginaw St., Flint, MI 98502

12:30pm Stakeholders & Community Leaders Lunch
Churchill's Food & Spirits – 340 Saginaw St, Flint, MI 48502
Press Spray at the top for opening remarks, then closed press

Advisory Number: MA16-12

Contact: Miguel Ayala (202) 450-0148
Internet Address: http://www.sba.gov/news
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SOURCE U.S. Small Business Administration



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