EXCLUSIVE INTERVIEW: Congresswoman Judy Chu Comments on Challenges Businesses Face for Access to Capital

Judy Chu (L), Member of Congress, talks exclusively to Ib's Blog. Interview by Ibrahim Dabo. Photo Credit: Christian Antalics.

Judy Chu (L), Member of Congress, talks exclusively to Ib's Blog. Interview by Ibrahim Dabo. Photo Credit: Christian Antalics.

Congresswoman Judy Chu represents the 32nd District of California.  Her assignments include serving on the House Education and Labor Committee, House Judiciary Committee, and on the Government Oversight Committee.

“I am interested in how our businesses are getting access to capital,” Chu said.

“I am interested in how our businesses are getting access to capital,” Chu said. Photo Credit: Ibrahim Dabo.

She spoke exclusively to Ib’s Blog about the Minority Business Development Agency (MBDA) annual summit held in Washington, D.C. in June, and businesses getting access to capital.

“I am interested in how our businesses are getting access to capital,” Chu said.

“So of course, I am interested in MBDA and how it is functioning and also on the overall question of how our federal government is servicing out businesses.”

Chu said she has heard some of the horror stories from businesses and the banks aren’t quite lending just yet.

“We still have some work to do and yet the capital is what will make the businesses prosper and allow them to expand and also to allow them not to shrink, too,” Chu said.

Congresswoman Chu (L) and Ibrahim Dabo (R)

Congresswoman Chu (L) and Ibrahim Dabo (R). Photo Credit: Christian Antalics.

Chu said Minority Business Enterprise (MBE) inclusion is vital as well as outreach programs to keep businesses informed about some of the latest developments.

“I think it is really important to encourage minority businesses to participate,” Chu said.

“Actually, I think there is a real deficit in terms of our minority businesses really knowing about these programs and so they have to get… and do an even better job of outreach.

“There needs to be aggressive outreach through the publications that they read but also there has to be opportunities for them to mix.

“And so outreach, conferences and seminars are really important.”   

Also See:
· About Ibrahim | About Ib’s Blog | Testimonials | Ib’s Blog Home
· Football United: From civil war in Sierra Leone to USA success, football lends a hand (Goal.com interviews its former Africa Editor, Ibrahim Dabo)
· Annual Minority Business Development Agency Summit Opens Doors of Opportunities and Addresses Vital Issues
· MBE Inclusion Is Critically Important for Economic Growth, U.S. Senator Bob Menendez Tells IB’s Blog

 

About Ib Dabo

Ib Dabo, founder and executive editor of Ib Talk Online, is a writer, journalist, photographer, and communications and IT leader whose mission is to inspire and work with people to make a difference in our world. Visit his official website - www.IbDabo.com - to learn more. Follow @IbDabo on Twitter and also @IbTalkOnline on Twitter.