SBIA Presents Congresswoman Nydia Velazquez (D-NY) with Champion of Small Business Investing Award
October 22, 2018
FOR IMMEDIATE RELEASE
Small Business Investor Alliance
WASHINGTON, D.C. (October 22, 2018) – Today, the Small Business Investor Alliance (SBIA), the leading association of lower middle market private equity funds and investors, recognized Congresswoman Nydia Velazquez (D-NY) for her support of small business investment and presented her with SBIA’s Champion of Small Business Investing Award. Rep. Velazquez is among a group of select Members of Congress whom SBIA is honoring in recognition of their support for small business access to capital.
“Access to capital is a perennial challenge for small firms and the fast growing companies that develop new products and create good jobs,” said Congresswoman Velazquez. “I thank SBIA and their member companies for helping channel capital to local small businesses and fostering economic growth throughout the nation. I’m honored to accept this award and look forward to working with Small Business Investment Companies going forward.”
“Ranking Member Velazquez has been an incredible advocate for investment in America’s small businesses through her support of the Small Business Investment Company (SBIC) program and her work on the Small Business Committee,” said SBIA President Brett Palmer. “Small business investors empower growth and job creation across the country, and the legislative work of our Small Business Champions in Congress has been instrumental to facilitating greater capital access for America’s entrepreneurs.”
Presenting the Champion of Small Business Investing Award to Rep. Velazquez was Mr. Justin Kaplan of Balance Point Capital and Messrs. Sengal Selassie and Scott Porter of Brightwood Capital Advisors.
SBICs provide critical growth capital to American small businesses to help them expand their operations and create jobs; they have invested more than $3.6 billion in New York businesses over the past 10 years.
About the Small Business Investor Alliance (SBIA)
The Small Business Investor Alliance (SBIA) is the premier organization of lower middle market private equity funds and investors. SBIA works on behalf of its members as a tireless advocate for policies that promote competitive markets and robust domestic investment for growing small businesses. SBIA has been playing a pivotal role in promoting the growth and vitality of the private equity industry for over 50 years. For more information, visit www.SBIA.org or call (202) 628-5055.