TOMORROW: Obama Cabinet Member to Visit Flint, MI

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

Feb 25, 2016, 16:16 ET from U.S. Small Business Administration

WASHINGTON, Feb. 25, 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 tomorrow, 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 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. Following that announcement, the Administrator will be joined by Senator Debbie Stabenow and 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: 10:00am Small Business Tour with Mayor Karen Weaver
Start at Flint & Genesee Chamber of Commerce
519 S. Saginaw St., Flint, MI 98502

11:00am  Press Conference Announcing Additional Assistance
Flint & Genesee Chamber
519 S. Saginaw St., Flint, MI 98502

11:45am Stakeholders & Community Leaders Lunch, with Senator Stabenow
Churchill's Food & Spirits – 340 Saginaw St, Flint, MI 48502
Press Spray at the top for opening remarks, then closed press

Media should RSVP and request interviews via Miguel Ayala, miguel.ayala@sba.gov, (202) 450-0148.

Contact: Miguel Ayala (202) 450-0148
Advisory Number: MA16-12
Internet Address: http://www.sba.gov/news
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SOURCE U.S. Small Business Administration



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