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| SBA | RIN: 3245-AG76 | Publication ID: Fall 2016 |
| Title: Economic Development Investments for Certified Development Companies | |
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Abstract:
Certified Development Companies (CDCs) are mainly nonprofit corporations certified and regulated by the SBA, that work with third party lenders to provide real estate and equipment financing to small businesses. SBA plans to solicit comments on whether CDCs should be required to invest specific amounts in local economic development activities (other than lending through the CDC program) and to reserve specific amounts for their future operations. SBA is also soliciting input into what types of activities may qualify as economic development activities and on other issues relating to CDC operations. |
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| Agency: Small Business Administration(SBA) | Priority: Substantive, Nonsignificant |
| RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Completed Actions |
| Major: No | Unfunded Mandates: No |
| CFR Citation: 13 CFR 120 | |
| Legal Authority: 15 U.S.C. 695 | |
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Legal Deadline:
None |
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Timetable:
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| Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
| Federalism: No | |
| Included in the Regulatory Plan: No | |
| RIN Data Printed in the FR: No | |
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Agency Contact: Linda Reilly Chief, 504 Loan Division Small Business Administration 409 Third Street SW, Washington, DC 20416 Phone:202 604-5032 Email: linda.reilly@sba.gov |
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