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2009 Seminar: Stimulus Package - What's In It for You?

Wednesday, April 15, 2009   (0 Comments)
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Mason City, IA – April 15, 2009 – On April 29, NIACC will host a special event Entrepreneur's Exchange focusing on the 2009 federal stimulus package and what it can provide for local businesses, economic developers, and entrepreneurs. Joseph Folsom, District Director with the US Small Business Administration, Des Moines District, and Assistant Director Tom Harbison, US Small Business Administration, Des Moines District, will provide an overview and update on the implementation of the SBA provisions of the American Investment and Recovery Act a/k/a 2009 Stimulus Package.  This special event Entrepreneurs' Exchange will be held Wednesday, April 29, from 6:00 to 7:30 in the Muse-Norris Conference Center, Room NC180, on the NIACC campus.

Folsom and Harbison will decode the stimulus bill that was signed into
law on February 16, 2009, and show you how to take steps to tap into
this financial resource for your business and economic development
projects.  They will walk you through the multitude of changes made to
the SBA loan requirements (such as elimination of borrower fees), an
increase in the SBA guarantee for certain loans - up to 90% for certain
loans, a new stabilization loan program offering deferred-payment loans
of up to $35,000 to viable small businesses that need funds to make up
to six months worth of payments on existing, qualifying debt which also
have a 100% guarantee, and steps taken to provide access to lenders for
the 7(a) secondary market for SBA loans, and even an increased surety
bond guarantee limit so that businesses can get help with bonding for
contracts up to $5 million and sometimes $10 million.

To learn more about the 2009 Stimulus Package and the financial
incentives that are available from SBA to assist your local business,
economic development project, or lenders, plan to attend the special
event Entrepreneurs' Exchange on Wednesday, April 29, from 6:00 to 7:3
p.m. in the Muse-Norris Conference Center, Room NC180 on the NIACC

To ensure adequate space and refreshments for this event, RSVPs for the
Entrepreneurs' Exchange are appreciated. For vendors who market goods
or services, a limited number of FREE display tables are available.
Please email or call Liz at 641-422-4384 or
toll-free at 1-888-GO NIACC, ext. 4384. 

The John Pappajohn Entrepreneurial Center is located on the North Iowa
Area Community College campus in Mason City, Iowa and provides college
level courses and degree programs in entrepreneurship, as well as
consulting services for business start-ups and existing industries in
the North Iowa region.  The Center also provides FastTrac (r) training
programs both for start-up companies and established companies.  Space
is also available in the North Iowa Business Incubator for start-up
businesses.  For more information, contact the NIACC JPEC at

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