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CFO Sink Visits Jacksonville to Talk Small Business Job Creation

1/11/2010

CONTACT: Kyra Jennings or Kevin Cate, (850) 413-2842
 
JACKSONVILLE— Florida CFO Alex Sink held a small business roundtable focused on job creation in Jacksonville today with 14 small business owners and community partners.
 
“Responding to the concerns of Florida's small business owners is a key part of what it is going to take to grow jobs and help jumpstart our economy,” said CFO Sink. “I am committed to ensuring that the state is doing everything it can to support our state's entrepreneurs and small business owners."
 
During the discussion, participants focused on two challenges to job creation: access to credit and capital from the Small Business Administration and area financial institutions; and finding skilled employees to fill new positions. Last year, CFO Sink personally contacted the five largest banks in Florida to find out why entrepreneurs were having such a difficult time securing credit and sent a letter to 167 community banks in Florida to encourage participation in the expanded Small Business Lending Initiative.
 
CFO Sink has also requested that the Office of Financial Regulation monitor small business lending activity in Florida and make regular reports to members of the Florida Cabinet.
 
Among the groups participating were the Jacksonville Economic Develop Commission, the University of North Florida Small Business Center, the Jacksonville Chamber’s Women’s Business Center, and the Beaver Street Enterprise Center. These community partners have been credited with helping many local companies launch and prosper during tough economic times by partnering small businesses owners with more experienced mentors.
 
 
As a statewide elected officer of the Florida Cabinet, CFO Alex Sink oversees the Department of Financial Services.  A successful businesswoman with nearly three decades of experience in the private sector, Sink is serving her first term as Florida's CFO.  As CFO, Sink's priorities include using her business experience to cut wasteful government spending, cracking down on financial and insurance fraud and reforming the state government's contracting practices. Sink also serves as the State Fire Marshal.