Jane E. Veron, CEO and co-founder of The Acceleration Project (TAP) of Scarsdale, New York, was part of the group recently appointed by Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA), to the newly established federal Investment Capital Advisory Committee (ICAC). Formed to increase small businesses and startups”™ access to investment capital, the ICAC consists of members with diverse perspectives, experiences and occupational backgrounds in and related to the U.S. private investment industry.
“The launch of SBA”™s inaugural Investment Capital Advisory Committee with its distinguished membership will serve as a critical resource to the Biden-Harris Administration as we strengthen our policies and programs to foster a more inclusive investment ecosystem,” said Guzman. “ICAC’s insights and recommendations will help the SBA expand access to investment capital, increase public awareness of SBA resources, and identify and fill capital gaps facing small businesses and the fund managers seeking to support them.”
The committee”™s main objective is to promote, expand and strengthen the ecosystem of private funds financing U.S. small businesses and startups, to fund entrepreneurs and small business owners from traditionally underserved communities.
“We are delighted by the overwhelming interest and support for the establishment of this important federal advisory committee and look forward to hosting an inaugural meeting in the coming weeks,” said Associate Administrator for Investment and Innovation Bailey DeVries.
Appointment terms are set for two years. Members of the advisory committee do not receive a salary, nor are they eligible to officially represent the SBA. Their selection does not connote an endorsement of their organizations.
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.
