Asian small business owners are finding it difficult to do business in the present economic environment where profits are shrinking and access to commercial and personal credit is diminishing. Local banks are limiting their exposure to small business financing. What can be done to mitigate the issues? This event brought together local business, government, nonprofits, and financial decision-makers to discuss the challenges and potential solutions to current market conditions on API small businesses.
Agenda |
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Presentation (PDF) |
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| 9:00 a.m. |
Welcome |
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| Scott Turner, Community Affairs Officer, FRBSF |
| Cooke Sunoo, Director, Asian Pacific Islander Small Business Program |
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Opening Remarks |
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| Hon. U.S. Congressman Xavier Becerra |
| Introduced by Alberto Alvarado, District Director, U.S. SBA |
| Hon. Assemblyman Ted Lieu |
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| 9:30 a.m. |
| Foreclosure in API Communities and the Impact on |
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| Small Business |
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| John Moon, Board of Governors of the Federal Reserve System |
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| 9:45 a.m. |
The Credit Crisis – Small Business Lenders’ View |
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Panelists: |
Jane Kim, Hanmi Bank |
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Emily Wang, East West Bank |
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Rick Lam, Wells Fargo Bank |
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James Hammersley, U.S. Small Business Administration |
Moderator: |
John Moon, Board of Governors of the Federal Reserve System |
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| 10:45 a.m. |
Networking Break |
| 11:00 a.m. |
State of Asian Small Business |
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Panelists: |
Kerry Doi, Pacific Asian Consortium for Employment (PACE) |
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Stephan Haah, Korean American Chamber of Commerce |
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Charlie Woo, MegaToys |
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Jim Park, Asian Real Estate Association of America |
Moderator: |
Cooke Sunoo, Asian Pacific Islander Small Business Program |
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| 12:00 p.m. |
Working Lunch |
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Facilitator: John Kobara, California Community Foundation |
| 1:15 p.m. |
Close |
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