Download or read book SBA New Markets Venture Capital Program written by Congressional Research Congressional Research Service and published by CreateSpace. This book was released on 2014-12-08 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: Authorized by P.L. 106-554, the Consolidated Appropriations Act, 2001 (Appendix H: the New Markets Venture Capital Program Act of 2000), the New Markets Venture Capital (NMVC) program is designed to promote economic development and the creation of wealth and job opportunities in low-income geographic areas by addressing the unmet equity investments needs of small businesses located in those areas. Modeled on the Small Business Association's (SBA's) Small Business Investment Company (SBIC) program, SBA-selected, privately owned and managed NMVC companies provide funding and operational training assistance to small businesses. To do so, they use private capital the NMVC company has raised (called regulatory capital) and up to 150% of that amount (called leverage) from the sale of SBA-guaranteed 10-year debentures, or loan obligations, to third parties, subject to the availability of funds. Because the SBA guarantees the debenture, the SBA is able to obtain favorable interest rates. NMVC companies are responsible for meeting the terms and conditions set forth in the debenture. At least 80% of the investments must be in small businesses located in a low-income area. Specialized Small Business Investment Companies (SSBICs) established under the SBIC program are also eligible for NMVC operational assistance training grants, which are awarded on a dollar-to-dollar matching basis. Six NMVC companies are currently participating in the program. The NMVC program was appropriated $21.952 million in FY2001 to support up to $150 million in SBA-guaranteed debentures and $30 million to fund operational assistance training grants for FY2001 through FY2006. The funds were provided in a lump sum in FY2001 and were to remain available until expended. In 2003, the unobligated balances of $10.5 million for the NMVC debenture subsidies and $13.75 million for operational assistance grants were rescinded. The program continues to operate, with the number and amount of financing declining in recent years as the program's initial investments expire and NMVC companies engage only in additional follow-on financings with the small businesses in their portfolios. No bills have been introduced during the 113th Congress concerning the NMVC program. However, more than 30 bills were introduced in recent Congresses to either expand or amend the program. Many of these bills would have increased the program's funding. For example, during the 112th Congress, H.R. 2872, the Job Creation and Urban Revitalization Act of 2011, was introduced on September 8, 2011. The bill would have provided the NMVC program such subsidy budget authority as may be necessary to guarantee $75 million of debentures and $15 million for operational assistance training grants for FY2012 through FY2013. This report examines the NMVC program's legislative origins and describes the program's eligibility and performance requirements for NMVC companies, eligibility requirements for small businesses seeking financing, and definition of low-income areas. It also reviews regulations governing the SBA's financial assistance to NMVC companies and provides program statistics. The report concludes with an examination of (1) efforts to eliminate the program based on concerns that it duplicates other SBA programs and is relatively expensive, (2) the rescission of the program's unobligated funding in 2003, and (3) recent congressional efforts to provide the program additional funds.

Download or read book SBA Reauthorization written by United States. Congress. Senate. Committee on Small Business and Entrepreneurship and published by . This book was released on 2004 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Changes to SBA financing programs needed for revitalization of small business manufacturers written by United States. Congress. House. Committee on Small Business and published by . This book was released on 2003 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Introduction to Business written by Lawrence J. Gitman and published by . This book was released on 2024-09-16 with total page 1455 pages. Available in PDF, EPUB and Kindle. Book excerpt: Introduction to Business covers the scope and sequence of most introductory business courses. The book provides detailed explanations in the context of core themes such as customer satisfaction, ethics, entrepreneurship, global business, and managing change. Introduction to Business includes hundreds of current business examples from a range of industries and geographic locations, which feature a variety of individuals. The outcome is a balanced approach to the theory and application of business concepts, with attention to the knowledge and skills necessary for student success in this course and beyond. This is an adaptation of Introduction to Business by OpenStax. You can access the textbook as pdf for free at openstax.org. Minor editorial changes were made to ensure a better ebook reading experience. Textbook content produced by OpenStax is licensed under a Creative Commons Attribution 4.0 International License.

Download or read book Summary of Activities written by United States. Congress. House. Committee on Small Business and published by . This book was released on 2001 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Programs services written by United States. Small Business Administration and published by . This book was released on 2002 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book SBA s SBIC and Microloan Programs written by United States. Congress. Senate. Committee on Small Business and published by . This book was released on 2000 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Venture Funding and the NIH SBIR Program written by National Research Council and published by National Academies Press. This book was released on 2009-07-22 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Small Business Administration issued a policy directive in 2002, the effect of which has been to exclude innovative small firms in which venture capital firms have a controlling interest from the SBIR program. This book seeks to illuminate the consequences of the SBA ruling excluding majority-owned venture capital firms from participation in SBIR projects. This book is part of the National Research Council's study to evaluate the SBIR program's quality of research and value to the missions of five government agencies. The other books in the series include: An Assessment of the SBIR Program (2008) An Assessment of the SBIR Program at the National Science Foundation (2007) An Assessment of the Small Business Innovation Research Program at the National Institutes of Health (2009) An Assessment of Small Business Innovation Research Program at the Department of Energy (2008) An Assessment of the Small Business Innovation Research Program at the National Aeronautics and Space Administration (2009) An Assessment of the Small Business Innovation Research Program at the Department of Defense (2009)

Download or read book SBA Lender and Equity Investor s Guide 3rd Edition July 2003 written by and published by . This book was released on 2003 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book SBA s Funding Priorities for Fiscal Year 2002 written by United States. Congress. Senate. Committee on Small Business and published by . This book was released on 2002 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Code of Federal Regulations written by and published by . This book was released on 2003 with total page 690 pages. Available in PDF, EPUB and Kindle. Book excerpt: Special edition of the Federal Register, containing a codification of documents of general applicability and future effect ... with ancillaries.

Download or read book The Small Business Administration s FY 2000 Budget Request written by United States. Congress. House. Committee on Small Business and published by . This book was released on 1999 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Code of Federal Regulations Title 13 Business Credit and Assistance Revised as of January 1 2010 written by Office of the Federal Register and published by Government Printing Office. This book was released on 2010-04-12 with total page 808 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Code of Federal Regulations is a codification of the general and permanent rules published in the Federal Register by the Executive departments and agencies of the United States Federal Government.

Download or read book Oversight of the Small Business Administration s Finance Programs written by United States. Congress. House. Committee on Small Business. Subcommittee on Tax, Finance, and Exports and published by . This book was released on 2006 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Catalog of Federal Domestic Assistance written by and published by . This book was released on 1993 with total page 896 pages. Available in PDF, EPUB and Kindle. Book excerpt: Identifies and describes specific government assistance opportunities such as loans, grants, counseling, and procurement contracts available under many agencies and programs.

Download or read book Departments of Commerce Justice and State the Judiciary and Related Agencies Appropriations for 2000 written by United States. Congress. House. Committee on Appropriations. Subcommittee on the Departments of Commerce, Justice, and State, the Judiciary, and Related Agencies and published by . This book was released on 1999 with total page 1386 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Community Development and Venture Capital Act of 1999 written by United States. Congress. Senate. Committee on Small Business and published by . This book was released on 2000 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: