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Article: Mass. agencies already make small-biz loans he's proposing.(Business)
- Article from:
- The Boston Herald
- Article date:
- October 29, 2009
- Author:
CopyrightCOPYRIGHT 2009 Boston Herald. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: JAY FITZGERALD
Gov. Deval Patrick emerged from his economic summit this week touting a plan to create a new small-business loan program - but the state already has at least two agencies that do the same thing.
A Herald review of government agencies and programs turned up the state's Capital Access Program and the Community Development Finance Corp., both taxpayer-backed entities designed to boost lending to small firms in need of capital in almost exactly the same way the governor is proposing. A top Patrick administration official said yesterday there could be as many as eight other similar programs.
The administrator of the Capital ...