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Business Centers To Benefit From Small Business Lending Bill

Written by Jenna Weiner
Published: 9/29/2010

Development organizations to get $50 million in new funding

Thanks to a recently signed bill by President Barack Obama, small business centers across the country will be able to use new funds to assist small business owners in their times of need.

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One of the places that will benefit is the Central Coast Small Business Development Center at Cabrillo College in Aptos, California. In addition, the San Jose Mercury News reports that centers like the one in Aptos will receive $50 million from the $30 billion funding bill.

The director of the CCSBDC is Teresa Thomae, who said that her agency, which provides training for small businesses in Santa Cruz and Big Sur, would receive $300,000.

"It'll be about helping businesses that are poised for job creation, so, helping them to get financed and helping them grow the business, which is going to create jobs, which will stimulate the economy," said Thomae in an interview with the paper.

Other business groups have been making news for entrepreneurs by offering free counseling. The Cleveland Banner reports that the chamber of commerce in Cleveland, Ohio, will be giving small business seminars to anyone interested starting in early October. 

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