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U.S. Small Business Administration and Milken Institute Partner to Increase Access to Capital for Underserved Communities | Latin Times Media & Magazine
U.S. Small Business Administration and Milken Institute Partner to Increase Access to Capital for Underserved Communities Initiative to increase minority lending launched in Baltimore, Los Angeles The U.S. Small Business Administration (SBA) and the Milken Institute announced the Partnership for Lending in Underserved Markets (PLUM) Initiative, a groundbreaking collaboration to develop and test initiatives designed to more effectively provide capital to minority-owned businesses throughout the United States. Maria Contreras-Sweet, SBA Administrator and the voice of small business on the President's Cabinet, said: "Increasing access to capital in underserved communities continues to be one of my highest priorities. Solving this longstanding and persistent challenge would open the door for new ideas, new visionary voices, and revolutionary business innovations from historically unexpected places. This new partnership with the Milken Institute brings together some of the