Reg Baker, a partner at CPA firm PKF Pacific Hawaii and former executive vice president of the Hawaii Medical Assurance Association, was recently appointed chair of the Region IX Regulatory Fairness Board of the U.S. Small Business Administration.
SBA Board Meeting in Washington DC
I recently returned from my first National SBA Regulatory Fairness Board meeting in Washington DC. What an exciting and eye opening experience!
The Board had about 25 Board members from across the United States in attendance. These Board members were evenly split between non-profit small business support organizations and actual small business owners. For lack of a better term they were activists for small business interests. As expected, it was a very vocal group and the SBA Administrator and her staff was very supportive of hearing about the various suggestions to support small business success across the country.
During the 3 day Board meeting we heard testimony from various small business owners about their challenges and brainstormed various improvements to the small business environment in the US. On day one, we heard testimony about federal contracting issues and laws that was causing harm to small business success. There was discussion on how to address the issues and the changes that might be needed. During the remaining two days of Board meetings, each district was asked to discuss their district issues and challenges and all Board members joined in to offer advice and recommendations on how to begin the process to address the challenges. I represented District IX (Hawaii, California, Arizona, Nevada, Guam and America Samoa) and I presented the challenges of the Jones Act, the Affordable Care Act, Water Rights and Independent Contractor challenges. I also encouraged the SBA to evaluate the support provided to what I felt was the underserved areas of Guam and America Samoa.
The Board formed Working Groups to address specific issues that had the potential to impact all Districts. The working groups included Workforce Management / Labor, Government Contracting, Outreach & Visibility and Access to Capital. Because of my back ground and experience I was asked to serve on both the Workforce Management / Labor (which includes healthcare and ACA) and the Outreach and Visibility working groups. I was also asked to serve as Chairman of District IX.
I am excited about the opportunity to represent Hawaii, Guam, American Samoa and the other states of District IX in our nation’s capital. This provides us a local voice in Washington, DC, that combined with our elected delegation, has the potential to be a powerful influence to improve the regulatory environment for our very important small business community.
Reg Baker, in addition to Chairing District IX of the SBA’s Regulatory Fairness Board is a CPA practicing in Hawaii, Chairs the Executive Committee of PKF Pacific Hawaii and was formerly the Executive Vice President, COO and CFO of HMAA. Baker also serves as Chairman of Junior Achievement of Hawaii, Chairman of the Small Business Committee of the Hawaii Chamber of Commerce and has served two terms as Chairman of the Hawaii Society of CPA’s.
Courtesy of : Pacific Business News
SBA loans on hold; queue set up for 7(a) loans until more money is found
The Small Business Administration, its lenders and small business groups are urging… more
The Small Business Administration has instituted a waiting list for its flagship 7(a) loans because the program hit its annual lending cap of $18.75 billion on Thursday.
SBA officials, lenders and small business groups are urging Congress to raise the program’s authorization to $23.5 billion in order to free up loans for small businesses. Demand for the program is high because the government-guaranteed loans are the primary source of long-term loans, which feature lower monthly payments, for small businesses.
In recent weeks, lenders have been rushing to get loans processed for their clients, in anticipation that the cap would be reached. That has accelerated 7(a) lending to a fever pitch — more than $3 billion SBA loans have been processed since the beginning of this month. That’s more than five times the normal volume, according to the SBA. Loans on the SBA’s waiting list will be approved in their order in the queue as more funding authority becomes available, either through congressional action or by cancellations of already-approved loans.
In a letter to members of Congress, Small Business Majority Founder and CEO urged them to quickly raise the SBA’s lending authority in order for the agency to meet the demand for these loans.
Aloha Chamber Members and Affiliates
You are cordially invited to our highly anticipated “Coffee Talk” Session.
Island Brew Coffeehouse in Hawaii Kai.
IN THIS SESSION:
We will get a chance to hear from you and what you would like to see in order to improve business relations and community outreach in Hawaii Kai.We will also discuss various potential and on-going partnerships as well as related events,themes, venues, dates, sponsorship opportunities, integrative activities, and benefits. If you would like to be a part of the this “mastermind” team of professionals who have a passion for improving Hawaii Kai’s community, then this will be your chance to “roll up your sleeves” and make a difference.
Please RSVP right away by replying to firstname.lastname@example.org
please contact us directly.
KA IWI COASTAL UPDATE
Article Courtesy of : Pacific Business News
The Save Ka Iwi Coast Coalition has raised more than half of the remaining funds needed by Aug. 30 to purchase 182 acres above the seven-mile Ka Iwi coast.
The coalition has raised $268,000, or 54 percent of private funding required from the community to protect and preserve the south shoreline on Oahu.
The City and County of Honolulu and the State of Hawaii have already pledged their support.
The Trust for Public Land and Livable Hawaii Kai Hui have spearheaded the effort, raising $1 million from the State Legacy Land Conservation Program and $2.5 million from the City Clean Water and Natural Lands Program, covering $3.5 million of the $4 million total.
Two parcels of land are for sale between the Hawaii Kai Golf Course and Makapuu, above Awawamalu, or Alan Davis beach.
“Some may remember the Save Sandy Beach coalition,” said Ann Marie Kirk, a board member of Livable Hawaii Kai Hui. “Ka Iwi is a total cultural landscape, mauka to makai. The Waimanalo and Maunalua communities are working together to save this site.”
If the $4 million is secured, the land will be owned and managed by Livable Hawaii Kai Hui and the city would hold a conservation easement over the property.