SXU Receives Funds to Aid Businesses
The Beverly Review
August 18, 2010
On Aug. 12, U.S. Rep. Dan Lipinski (D-3rd) announced that the House Appropriations Subcommittee on Financial Services and General Government approved $100,000 for St. Xavier University (SXU) to help create jobs by providing support and advice to prospective and current small-business owners in the neighborhoods around SXU.
"The economic fortunes of the Chicago region and America as a whole hinge on the health of our small businesses," Lipinski said in a news release. "Small businesses create two-thirds of American jobs, and they are the pillars of our communities. But small-business owners and those who are considering launching a new business face formidable obstacles right now. We need to help get them the support and assistance they need so they can start hiring and driving the recovery."
The SXU Minority Small Business Initiative will help local minority smallbusiness owners through a seminar series covering financing, management and marketing techniques; business consulting designed to turn plans into action; software training; and a program to prevent owners from falling victim to fraud.
"St. Xavier's Minority Small Business Initiative is significantly enhanced by the infusion of these federal funds," SXU President Christine M. Wiseman said in the news release. "We are grateful to the House Appropriations Subcommittee and to Congressman Lipinski for recognizing the value of this initiative to our university and our community, and for supporting our initiative with this funding."
The funding is part of the Financial Services and General Government Appropriations Bill, which must be approved by Congress and signed by the president before the money can be released.
"I'm pleased to support St. Xavier University as it works to help local smallbusiness owners grow their business and create the jobs we need to put the recession behind us," Lipinski said. "I commend the university for its initiative and its efforts to provide local communities with a much-needed boost."
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