On Friday, February 25th, we attended the White House Policy Briefing on Jobs and the Economic Future in Communities of Color sponsored by Michael Blake in the Office of Public Engagement. The meeting was held at the Eisenhower Building. Speaking were: 1. Don Graves, Jr., Community Development and Housing Policy, Treasury. Mr. Graves discussed the Small Business Lending Fund and noted that 300 banks have applied for funding. Mr Graves is also Executive Director, Presidents's Council on Jobs and Competitiveness, which held it's first meeting on Thursday. 2. Michael Strautmanis , Senior Advisor to Valerie Jarrett. 3. Marie Johns, Deputy Administrator, SBA. Ms. Johns described plans for the Impact Fund : "SBA will commit $1 billion to those funds that invest growth capital in companies located in underserved communities. This includes investing in economically distressed areas, as well as those companies in emerging sectors such as clean energy. SBA will provide up to a 2:1
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