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SBA officials recognize Lackawanna County for SBA Fee Waiver Program to promote economy, jobs

Release Number: 
20181127-001
Advisory Date: 
Tuesday, November 27, 2018
Contact: 
robert.goza@sba.gov | www.sba.gov/pa

SCRANTON, PA – SBA officials gather with the Lackawanna County Commissioners to recognize the county’s innovative SBA Fee Waiver Program Nov. 28, at 1 p.m. The event is open to media and the public.

WHO:       Steven Dixel, Acting Director, U.S. Small Business Administration Eastern Pennsylvania District

                   Michael Kane, Deputy Director, SBA Eastern Pennsylvania District

                   Robert Maximowicz, SBA Wilkes-Barre Branch

                   Laureen A. Cummings, Commissioner, Lackawanna County

                   Jerry Notarianni, Commissioner, Lackawanna County

                   Patrick M. O’Malley, Chairman of the Board of Commissioners, Lackawanna County

                   Joshua Mast, Co-owner, Posh Restaurant Group

WHAT:     Event recognizing Lackawanna Co. for its SBA Fee Waiver Program to spur local economic growth

WHEN:    Nov. 28 at 1:00 p.m.

WHERE: County Administration Building, 200 Adams Ave., Scranton, PA

“Lackawanna County’s entrepreneurial approach to attracting and retaining businesses is very innovative,” said SBA Eastern Pennsylvania District Acting Director Steven Dixel, who is responsible for the 40 eastern counties of Pennsylvania. “The county has engaged in this program since 2013 with successes that have stimulated local economic development.”

The program stimulates private sector job growth and local economic development to create family‐sustaining jobs in the county. Since its beginning, the county reports that 75 small businesses have used the program and the $835 thousand in fee waivers leveraged $44.9 million worth of small business loans to create 429 jobs and retain 1,171 jobs.

Lackawanna County’s Small Business Administration Loan Fee Waiver Program began in 2013 as the first of its kind in the country. Qualified businesses working with qualified lenders receive a check from Lackawanna County in the amount of the SBA loan guarantee fees incurred. The county has continued to allocate funds from its economic development budget to assist in the projects of qualified businesses working with a qualified lender. Several area lending institutions participate in the program to help grow businesses.

“I am very proud to have played a role in the creation of the Fee Waiver Program back in 2013. It has had a tremendous impact on our economy, job creation and the business sector. As everyone knows, small businesses are the backbone of both our local and national economies. I am committed to continuing funding the fee waiver for the impact it has on our area,” said Chairman of the Board of Commissioners Patrick M. O’Malley.

“The SBA fee waiver program has been an excellent addition to our economic development tool box. It has helped us to build relationships with the banking community, create jobs and assist in the expansion of our small businesses,” explained Commissioner Jerry Notarianni. “This program, coupled with our other small business initiatives, affirm our commitment to growing both our economy and the unique enterprises we have here.” 

“We are committed to promoting private sector growth in our county and the Fee Waiver Program has done just that,” noted Commissioner Laureen A. Cummings. “Along with that, I have also created at our Commissioners Meetings the Small Business Spotlight, to recognize the ingenuity of area residents in promoting the steps they’ve taken to start-up their operation.  This was also done to hopefully inspire others and the youth of our area to do the same.”   

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More information regarding Lackawanna County’s SBA Fee Waiver Program, is available here.

For questions concerning the program contact George Kelly, Director of Economic Development, at (570) 963-6830.

For interviews or additional information, contact Rob Goza at robert.goza@sba,gov.

 

About the U.S. Small Business Administration

The U.S. Small Business Administration makes the American dream of business ownership a reality. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.