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Mission Statement:  The Gateway Regional Chamber of Commerce is a business organization which represents and advances the business interests of its members.

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Inside Views - May 2015
If only I had known

 

by JIM COYLE

 

Back in 2011, three years into the recession, it became clear that a severe credit crunch was constraining the recovery. Small business expansion always leads a recovery but banks, for a number of reasons, had basically stopped small business lending.

 

No lending, no recovery.

 

The Gateway Chamber had a great idea. Why not put together a lending fair, invite all the banks, the Federal Reserve, the U.S. Treasury and a key member of the Senate Banking Committee, Bob Menendez, to attend?

 

Our plan was to get some of the more onerous provisions of the Dodd-Frank legislation suspended, which together with a good deal of arm twisting might actually ease the constipation of the banking sector and get some of the money flowing to small businesses.

 

Read the rest of Jim's column here!