Business News • MarketWire • SBA and Milken Institute Launch Initiative to Improve Access to Capital for Underserved Communities in Los Angeles

SBA and Milken Institute Launch Initiative to Improve Access to Capital for Underserved Communities in Los Angeles

SBA and Milken Institute Launch Initiative to Improve Access to Capital for Underserved Communities in Los Angeles

LOS ANGELES, CA--(Marketwired - October 27, 2016) - Today the U.S. Small Business Administration (SBA) and the Milken Institute jointly launched the Los Angeles pilot program: Partnership for Lending in Underserved Markets (PLUM). This groundbreaking collaboration will develop and test initiatives designed to more effectively deliver capital to deserving minority-owned businesses throughout the United States. Los Angeles is only the second American city with a pilot PLUM program. Today's launch event included a workshop at the University of Southern California that brought together small business leaders from Los Angeles with the SBA and Milken Institute.

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