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ORLANDO, FL — At the U.S. Conference of Mayors’ annual meeting today in Orlando, Florida, Charlotte Mayor Anthony Foxx introduced his “Mayors’ Access to Capital Resource Guide.” The brochure, sponsored by Bank of America, is designed to serve as a tool for mayors around the country as they work to help provide their small businesses with the lending they need to get started and grow. Foxx is Co-Chair of the Conference of Mayors Small Business and Franchising Task Force.“Small businesses are the engines of economic growth across the country. In Charlotte, they employ 90 percent of our workforce,” Foxx said. “However, in order to prosper, small firms must have access to capital and credit. In creating this guide, I sought to provide information to municipal leaders nationwide about how they can help small businesses in their communities do just that.”
“At Bank of America we understand the vital role of small businesses in the U.S. economy and we are happy to partner with the U.S. Conference of Mayors to provide this informative guide,” said Robb Hilson, Bank of America Small Business Executive.
The “Mayors’ Access to Capital Resource Guide” offers an overview for mayors of federal programs that facilitate small business lending and initiatives by large and small lenders to make capital more readily available for small business start-up or expansion. It also contains a summary of best practices by individual cities that provide a range of services to help small businesses secure access to the capital they need.