skip to main content
skip to newscasts

Thursday, April 25, 2024

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

SCOTUS skeptical that state abortion bans conflict with federal health care law; Iowa advocates for immigrants push back on Texas-style deportation bill; new hearings, same arguments on both sides for ND pipeline project; clean-air activists to hold "die-in" Friday at LA City Hall.

view newscast page
play newscast audioPlay

"Squad" member Summer Lee wins her primary with a pro-peace platform, Biden signs huge foreign aid bills including support for Ukraine and Israel, and the Arizona House repeals an abortion ban as California moves to welcome Arizona doctors.

view newscast page
play newscast audioPlay

The urban-rural death divide is widening for working-age Americans, many home internet connections established for rural students during COVID have been broken, and a new federal rule aims to put the "public" back in public lands.

Report: NC Small Businesses Depend on Community Lenders More Than Ever

play audio
Play

Monday, December 17, 2012   

OAKBORO, N.C. - In today's economy, it's not easy for a small-business owner such as Tim Liescheidt to get a loan to build his business outside Charlotte. Traditional lenders say they can't take the risk and the Small Business Administration told him his start-up steel business was too small. That's when Liescheidt applied for and received a $50,000 loan that enabled him to finance projects.

He now has $3 million worth of business orders to fill, thanks to that loan from The Support Center.

"It becomes a house of cards at that point. It just flows, because then we made a little money on that job and were able to take that money and finance a little bit bigger job, and take that money and finance a little bit bigger job."

A report released today by The Support Center, a community development financial institution in Raleigh, found that lenders like them have helped start 33,000 businesses in the state, creating 3100 jobs. CDFIs have existed for 18 years, providing loans to small businesses unable to secure loans through traditional sources.

In 2011, according to today's report, the 999 CDFIs nationwide made 16,000 loans and investments, totaling $1.2 billion. That created 25,000 jobs. It's a boost that Lenwood Long, president and CEO of The Support Center, believes the state couldn't live without.

"We see ourselves as a vital player in the economic recovery of this state, because there's no question that over 70 percent of small businesses drive the economy."

CDFIs are made possible through public and private investments. Long believes the state should consider additional investment in institutions such as this to further spur economic growth and recovery in the state.

The full report is at The Support Center.




get more stories like this via email

more stories
Rep. Crystal Quade, D-Springfield, the House Democratic floor leader, called Missouri politicians "extremist" on social media after they passed the most restrictive abortion ban in the country and defunded Planned Parenthood. (Fitz/Adobe Stock)

Health and Wellness

play sound

The Missouri Legislature has approved a law to stop its Medicaid program, known as MO HealthNet, from paying Planned Parenthood for medical services …


Environment

play sound

A round of public testimony wrapped up this week as part of renewed efforts by a company seeking permit approval in North Dakota for an underground pi…

Social Issues

play sound

Air travelers could face fewer obstacles in securing a refund if their flight is canceled or changed under new federal rules announced Wednesday…


The Iowa Movement for Migrant Justice calls Senate File 2340 a "ridiculous stunt," passed in an election year "to mobilize voters using fear and anti-immigrant sentiment." (Adobe Stock)

Social Issues

play sound

Advocates for immigrants are pushing back on a bill signed by Iowa Gov. Kim Reynolds in the last few days of the legislative session, modeled on a …

Environment

play sound

An environmental group is suing the U.S. Fish and Wildlife Service to protect the Arkansas mudalia snail under the Endangered Species Act. In …

Currently, more than 2.7 million Californians live within 3,200 feet of an operational oil well. (MSPhotographic/Adobe Stock)

Environment

play sound

Leaders concerned about pollution and climate change are raising awareness about a ballot measure this fall on whether the state should mandate buffer…

play sound

A coalition of climate groups seeking cleaner air at the rail yards and ports of Los Angeles and Long Beach will hold a "die-in" rally tomorrow at Los…

Health and Wellness

play sound

By Marianne Dhenin for Yes! Magazine.Broadcast version by Shanteya Hudson for Georgia News Connection reporting for the YES! Media/Public News …

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021