Villarreal To Testify On Support For Small Business
By Vince Leibowitz on Mar 12, 2008 in 80th Legislature
From the office of State Rep. Mike Villarreal (D-San Antonio):
Representative Mike Villarreal is scheduled to testify before the Texas House Economic Development Committee on Thursday, March 13 about the importance of including support for small business entrepreneurs in the state’s economic development strategy.
Rep. Villarreal will be joined by Ted Terrazas, a San Antonio business owner who was turned away from traditional banks before receiving a loan from a Community Development Financial Institution (CDFI) and building a company that now employs hundreds of workers. The state’s current economic development strategy is focused on attracting large out-of-state businesses through the Texas Enterprise Fund. Rep. Villarreal recommends expanding access to capital for start-up entrepreneurs such as Ted Terrazas either through direct assistance or loan-loss support for CDFIs.
Rep. Villarreal outlined his views and the story of Ted Terrazas in a recent San Antonio Express-News op-ed entitled “Small Business Needs State Help, Too.”
The hearing will be held in Room E1.014 of the State Capitol at 11:00 on March 13.
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