TODAY: SBA and Milken Institute Launch Initiative to Improve Access to Capital for Underserved Communities in Los Angeles

LOS ANGELES, Oct. 27, 2016 /PRNewswire-USNewswire/ -- Today the U.S. Small Business Administration (SBA) and the Milken Institute will launch the Los Angeles pilot of the Partnership for Lending in Underserved Markets (PLUM). This groundbreaking collaboration will develop and test initiatives designed to more effectively deliver capital to deserving minority-owned businesses throughout the United States.  Los Angeles is only the second American city with a pilot PLUM program. 

Today's launch event will take place at 10 a.m. at University of Southern California Robert Tutor Ball Room and will include a workshop bringing together small business leaders from Los Angeles with the SBA and Milken Institute.

WHO:  Isabella Guzman, Deputy Chief of Staff, SBA
Antonia Hernandez, CEO, CA Community Foundation
John Chiang, Treasurer, State of California
Michael Milken, Chairman of Milken Institute
Judy Chu, Representative, 27^th District
Ray Chan, Deputy Mayor, Los Angeles

WHAT: Launch of Los Angeles pilot: Partnerships for Lending in Underserved Markets (PLUM) Initiative.

WHEN: 10 a.m. (PST)

WHERE: University of Southern California, Robert Tutor Ball Room
3607 Trousdale Pkwy, Los Angeles, CA 90089

RSVP: SBA POC: [email protected]

Contact: Terry Sutherland (202) 205-6919
Internet Address: http://www.sba.gov/news 
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Release Number: MA16-56

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SOURCE U.S. Small Business Administration

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