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Background Assessment for State Small Business Credit Initiative 2.0

The American Rescue Plan provides $10 billion to state and Tribal governments to fund small business credit expansion initiatives. This law will inject capital into state small business support and capital access programs, provide collateral support, facilitate loan participation, and enable credit guarantee programs. It will boost state venture capital programs and provide funding for technical support and assistance.

Your input is critical to Louisiana Economic Development’s (LED) design process that identifies and supports strategies to cultivate small business competitiveness and strengthen entrepreneurship throughout the state.

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* 1. Complete contact information is necessary to determine geographical needs and to communicate opportunities

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* 2. If you are a small business owner, please list the 6-digit industry NAICS code classification

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* 4. How would you rank the small business needs within your community
(1 to 4 with 4 being the highest priority)

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* 5. Are the small business needs within your community more closely aligned with accessing capital as a:

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* 6. How many employees does your small business employ?
Note: SBA defines small business as those with 500 or fewer employees

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* 7. Please rate on a scale of 1 to 5, with 5 being the best, the programs that would assist with sustainability and growth of your company or the business community.

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* 8. Please outline any suggestions you have regarding specific program design elements for any programs listed in the previous question

Thank you for your valuable insight. This data will aid the Louisiana Economic Development team in identifying programs and support strategies that will enhance small business competitiveness and strengthen entrepreneurship throughout the state.
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