Tucson, Ariz. – Rep. Raúl M. Grijalva will hold a press conference in Tucson on Thursday, Aug. 11 to highlight Small Business Administration (SBA) assistance for local employers and to discuss how federal agencies can help create jobs. The event will take place at the Sushi Garden at 3048 E. Broadway, which recently received an $806,000 SBA-backed loan that created 42 new jobs.
SBA guaranteed loans – which are only granted after applicants establish financial stability – are repaid in full and help create jobs at no cost to taxpayers. Through the first three quarters of fiscal year 2011, which began Oct. 1, 2010, small businesses in the Seventh Congressional District have received more than $31.7 million in SBA guaranteed loans. In the third quarter alone, companies receiving those loans created 152 new jobs, according to agency information.
“Anyone who believes the federal government can’t or shouldn’t help the economy should take a look at Southern Arizona’s success stories,” Grijalva said. “The SBA and other federal agencies have helped secure funding for projects that have created thousands of jobs in diverse fields, from restaurants to solar power. Creating economic opportunities isn’t a partisan issue – it’s a basic question of helping the community.”
SBA officials will be on hand with Rep. Grijalva to discuss how the agency helps small businesses succeed. Media will have the opportunity to ask questions.
When: Thursday, August 11, 10:30 a.m. – 11:15 a.m.
Where: Sushi Garden, 3048 E. Broadway in Tucson
Contact: Sushi Garden, (520) 326-4700