Washington, DC - U.S. Senator Benjamin L. Cardin (D-MD), a member of the Senate Small Business and Entrepreneurship Committee, joined President Obama at Metropolitan Archives in Landover, MD, today as he announced new small business lending initiatives designed to put capital in the hands of small business owners. Senator Cardin applauded the new measures and announced his original co-sponsorship of a bill to be introduced by Committee Chair Mary Landrieu (D-LA) that will codify many of the initiatives and lending cap increases announced by the President today.
"Maryland's 522,000 small businesses provide economic opportunities to diverse groups of people, employing more than 1.2 million citizens, and bring innovative products and services to the market. But without capital, small businesses in Maryland and across the country cannot weather the current financial storm that has engulfed our economy. It's clear that our nation's economic recovery is dependent on the recovery and growth of small businesses.
CARDIN CO-SPONSORS BILL TO CODIFY SMALL BUSINESS LENDING INITIATIVES ANNOUNCED BY PRESIDENT OBAMA TODAY IN MARYLAND