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Commerce advisory group proposes big new program.

Publication: Manufacturing & Technology News
Publication Date: 28-AUG-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
The Department of Commerce's private-sector advisory council on manufacturing has asked that the Treasury Department "take immediate action" to create a $20 billion loan program for small- and medium-sized manufacturing (SMM) companies that are locked out of the credit markets. The Manufacturing Council, comprised of domestic manufacturing company executives, says healthy "but temporarily impaired" manufacturing companies cannot secure lines of credit to cover...

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