Congressman Ed Perlmutter's e-Newsletter

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April 7, 2011

Perlmutter

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Bipartisan Help for Small Businesses Capital Access for Main Street (CAMS) Act Will Free up Loans for Small Businesses

This week I introduced a bill along with Reps. Coffman and Tipton to help small businesses get access to the capital they need. H.R. 1356 - The Capital Access for Main Street (CAMS) Act will temporarily allow small community banks with under $10 billion in assets to spread out or amortize a portion of their commercial real estate loans over a seven-year period. As a result, these small community banks, which provide many of the loans to our small businesses, will have more liquid capital available to make responsible loans.

Small businesses generate over 50% of our nation’s annual GDP. They are responsible for nearly two-thirds of all new jobs, and they need access to credit to stock inventory, hire workers and weather the storm so they can innovate and grow and drive our economy forward. But, they are at a log jam with small banks, who can’t and aren’t extending the credit they need.

Amortization was used during the 1980s to deal with the significant strain banks experienced from the agriculture industry and helped the participating banks weather the storm. This bill will help small businesses, which account for approximately 70% of all new jobs created.


Important Job Resources

The U.S. Department of Labor has just launched new interactive online tools to help people search for a wide variety of jobs in specific geographic areas and also help to find the right career path for you. Check out the new resources available on the My Next Move and the my Skills my Future websites.



Government in the Grocery in Aurora

Perlmutter
Ed talking with Ron Castagna at Vitamin Cottage in Arvada

This is a program where I go to grocery stores throughout the district to talk with constituents on a one-on-one basis. I look forward to meeting with you to talk about whatever is on your mind. Government in the Grocery is about being available to listen to you in a less formal setting. This kind of access is essential to the fabric of our democracy. Please note that due to time constraints, constituents will be given priority and individuals and groups will be limited to approximately 5 minute intervals.

What:
 
Government in the Grocery
When:
 
Saturday, April 16,
from 10:00 AM to Noon
Where:
 
Sprouts Farmers Market
1150 S Ironton Street
Aurora, CO
Map it!


My Office is Here to Help You

My office is here to help the people and small businesses of the 7th Congressional District cut through some of the red tape when dealing with a government agency. I am proud my office was able to help TeamSAI in Lakewood with an IRS payment they were owed. If you are having an issue with a federal agency please call my office – my staff and I will always do our best to help.

Ed,

On behalf of TeamSAI, Inc. I would like to express our appreciation for the prompt and effective handling of our request for assistance.

In recap, in order to receive payment for outstanding expense charges encountered while working for a client it was necessary for us to provide a certificate from the IRS that TeamSAI is indeed a US corporation in good standing. After numerous attempts over 8 months to contact someone within the IRS and continuous frustrations in getting any feed-back, we went to your office for help. Within a couple hours of dropping off our request at your office, we were on the phone with your staff and a month later our paperwork was released to us. Clearly, without your involvement and support we would still be waiting.

Bill Bottoms
Executive Vice President & Principal - TeamSAI, Inc. 





Congressman Ed Perlmutter
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Washington DC Office
1221 Longworth House Office Building
Washington, DC 20515
Phone: 202.225.2645
Fax: 202.225.5278
District Office
12600 West Colfax Avenue, Suite B-400
Lakewood, CO 80215
Phone: 303.274.7944
Fax: 303.274.6455