HomeMy WebLinkAboutResolutions - 2010.08.04 - 10035Commissi
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St. NI6L5 "'" Miscellaneous Resolution #10196
BY: Commissioner Tim Grelmel, District #11 ; 7/ 66, A-r1./ /7 1
RE: Board of Commissioners — Resolution in Support of HR 529 7T to Ensure that Small
Businesses have Access to Capital aggY hfc6iflikuzA y 024
TO: Oakland County Board of Commissioners
Chairperson, Ladies and Gentlemen:
WHEREAS, the worldwide meltdown of the financial services sector that occurred in the fall of
2008 has created an economic climate in which it is extremely difficult for small businesses to
obtain loans; and
WHEREAS, obtaining loans is critically important to the survival, viability, and growth of small
businesses; and
WHEREAS, the survival, viability, and growth of small businesses is critically important to the
creation of jobs; and
WHEREAS, Congressman Gary Peters introduced the Small Business Lending Fund Act of
2010 (HR 5297); and
WHEREAS. HR 5297 would allow small businesses to access capital from a small business
lending fund that must eventually be paid back, with interest; and
WHEREAS, HR 5297 would greatly assist small businesses as they work to survive and grow
during these difficult economic times; and
WHEREAS, HR 5297 would empower small businesses to create jobs; and
WHEREAS, HR 5297 was approved by the United States House of Representatives with
bipartisan support.
NOW THEREFORE BE IT RESOLVED that the Oakland County Board of Commissioners
hereby supports HR 5297, encourages the United States Senate to approve it, and encourages
President Barack Obama to sign it into law.
BE IT FURTHER RESOLVED that the Oakland County Board of Commissioners requests that
the Oakland County Clerk send copies of this resolution to all members of the United States
Congress and to President Barack Obarria.
Chairperson, we move the adoption of the foregoing Resolution.
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Resolution #10196 August 4, 2010
The Chairperson referred the resolution to the General Government Committee. There were no
objections.