WASHINGTON, D.C. (October 24, 2018) – On Tuesday, the Small Business Investor Alliance (SBIA), the leading association of lower middle market private equity funds and investors, recognized Congresswoman Grace Meng (D-NY) for her support of small business investment and presented her with SBIA’s Champion of Small Business Investing Award. Rep. Meng is among a group of select Members of Congress whom SBIA is honoring in recognition of their support for small business access to capital.
“Congresswoman Meng has been an incredible advocate for investment in America’s small businesses through her support of the Small Business Investment Company (SBIC) program,” 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. Meng was SBIA member Mr. Henri Steenkamp of New York-based Saratoga Investment Corp.
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, visitwww.SBIA.org or call 202-628-5055.