• Reform credit scoring models so that qualified small business owners have the opportunity to access affordable and sustainable business capital.• Continue funding for community development financial Institutions.• Expand micro lending and revolving credit/receivables financing vehicles tailored for small businesses.• Reduce regulatory burdens on community banks and minority-owned banks.• Decrease requirements for collateral so that qualified small business owners have the opportunity to access affordable and sustainable business capital.• Promote online lending platforms that have been vetted for price gouging and crowdfunding vehicles that are trustworthy.• Incentivize large banks to partner with Black-owned banks. • Increase the number of American businesses that have viable and effective supplier diversity initiatives.B. IMPROVE FINANCIAL LITERACY OF SMALL BUSINESS OWNERS• Promote entrepreneurial education programs through Small Business Administration and Minority Business Development Agency.• Continue federal funding for non-profit technical assistance programs such as the National Urban League Entrepreneurship Center Program.• Establish a permanent minority small business technical assistance fund so that minority small businesses receive the technical assistance they need from trusted nonprofits. C. ELIMINATE DISCRIMINATORY PRACTICES AND EXPAND OPPORTUNITIES FOR MINORITY-OWNED SMALL BUSINESSES• Protect the provision in the Dodd-Frank Wall Street Reform and Consumer Protection Act which mandates establishment within all covered departments of the Office of Minority and Women Inclusion.• Streamline the SBA’s Business Development Program and other government certification processes so that qualified small business owners have the opportunity to access government contracts.• Increase procurement goals and set-asides so that qualified small business owners have the opportunity to access government contracts. • Permanently eliminate SBA loan fees so that small business owners have the opportunity to access SBA loans.• Allow trusted nonprofits to become SBA micro loan lenders, in less than one year.• Reauthorize Export-Import Bank so that American small businesses have the opportunity to do business overseas.• Increase state and municipal procurement goals and set-asides so that qualified small business owners have the opportunity to access government contracts.6MAIN STREET MARSHALL PLAN
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