"We really can't thank Carver and the Department of Transportation enough for providing yet another good model on how the public and private sector can work together and do something now to get our local communities back on their feet. This short term lending program will allow small businesses and entrepreneurs hardest hit by the current economic crisis to access the millions that are being pumped into local economies by the Obama Administration's stimulus program," said U.S. Congressman Charles Rangel. "This is what responsible community banking is all about. I encourage more of our banking institutions to follow Carver's lead and find ways to help small and disadvantaged business raise the financial capital necessary to compete for contracts that will not just maintain jobs, but expand employment opportunities in all communities."
The US DOT's Office of Small and Disadvantaged Business Utilization was created as part of the Small Business Act (SBA) to ensure that small and disadvantaged businesses are provided maximum practicable opportunity to participate in the agency's contracting process. For more information on OSDBU programs visit: http://osdbuweb.dot.gov/index.cfm