BPC’s Task Force on Main Street Finance is exploring how to bolster entrepreneurs and small businesses by evaluating the challenges these innovators face in obtaining credit and other financial services and providing recommendations for making the system work for them while maintaining financial stability.
The task force co-chairs are: Karen Mills, former administrator of the U.S. Small Business Administration; former Senator Olympia Snowe, who served as chair and ranking member of the Senate Committee on Small Business and Entrepreneurship; Paul Greig, former chairman and CEO of FirstMerit Corporation, a leading lender to small businesses in the Midwest; and Mark Walsh, entrepreneur and angel investor with Ruxton Ventures.
Explore the impact of existing laws and regulations in three primary areas:
1. The ability of banks, non-bank lenders, and capital markets to meet the credit and financing needs of small businesses and entrepreneurs.
2. The role federal and state governments can play in promoting access to credit and financing for Main Street entrepreneurs.
3. How technology and better, more accessible data can address shortfalls and inequalities in the delivery of financial services.