Mayor Swearengin Applauds Program To Invest in Entrepreneurship
Mayor Ashley Swearengin today applauded the Obama Administration’s efforts to invest in American entrepreneurs through the “Startup America Initiative” announced today by the President.
“Public-private partnerships that can utilize existing authority to leverage funds for meaningful job creation and growth are absolutely essential,” Mayor Swearengin said. “Small business innovation is a strength in Fresno, supported in large part by one of the most successful university-led entrepreneurship programs in the country – the Lyles Center for Innovation and Entrepreneurship at California State University, Fresno – as well as our business incubators. Those incubators have ushered many start-up and existing companies to success, including a number of water and clean energy companies.
“I look forward to working with the Administration and its private partners to remove barriers to entrepreneurship and bring more resources to start up companies in Central California.”
According to the White House, the initiative brings together an alliance of the country’s most innovative entrepreneurs, corporations, universities, foundations, and other leaders, working in concert with a wide range of federal agencies to dramatically increase the prevalence and success of America’s entrepreneurs.
As part of the initiative, the Small Business Administration will launch an Impact Investment Fund that will commit $1 billion, using existing authority, to invest growth capital in companies located in underserved communities.