By XINJUAN DENG
Capital News Service
LANSING – Small businesses are getting more chances to access capital, spur job growth and boost exports under recent federal and state initiatives. These include the Small Business Administration (SBA), Michigan Economic Development Corp. (MEDC) and Michigan Small Business and Technology Development Center. U.S. Sen. Debbie Stabenow, D-Lansing pointed to resources to increase access to capital for Michigan small businesses.
“Small businesses are the backbone of our economy, creating the majority of new jobs,” Stabenow said. “We continue to make sure our small businesses have access to the capital they need to grow their companies and hire new workers.”
Small businesses in Oakland, Macomb and Wayne counties have received $395 million in financing since 2010 under the Small Businesses Jobs Act, Stabenow said.