States, tribes and, others to assess and clean up contaminated properties. Its an environment and Public Works Committee hearing is about two hours. [background noises] i call this hearing to order. Senator i call this hearing to order. Good morning, one and all. Senator capito, good to see you. Thank you for helping us pull this hearing together, this important hearing. Let me discuss the Environmental Protection agencys Brownfields Program as we begin to work on the programs of reauthorization. For nearly three decades now, brownfields has proven to be an important source of Helpful Community forced to contend with. The Program Provides federal assistance for communities to clean up contain him unaided we most recently reauthorized appropriations for this program with a strong bipartisan support about five years ago. I think it was 2018. Its time now to review the state of the Brownfields Program and to examine what works well, to identify potential ways to update the program so it c
I call this hearing to order. Good morning, one and all. Senator capito, good to see you. Thank you for helping us pull this hearing together, this important hearing. Let me discuss the Environmental Protection agencys Brownfields Program as we begin to work on the programs of reauthorization. For nearly three decades now, brownfields has proven to be an important source of Helpful Community forced to contend with. The Program Provides federal assistance for communities to clean up contain him unaided we most recently reauthorized appropriations for this program with a strong bipartisan support about five years ago. I think it was 2018. Its time now to review the state of the Brownfields Program and to examine what works well, to identify potential ways to update the program so it can best meet the evolving challenges that communities face. I like to say that everything i do, i know i can do better. That includes our oversight of this program and the way this program operates throughou
These public investments are not enough. Particularly when it comes to equity investment. Thats what were going to talk about today. In particular, want to bring to light a set of investments from treasury through states, the state Small Business Credit Initiative. This is a unique opportunity with public funds to connect communities of color and other underserved communities with the highgrowth Equity Capital. How do we do it . We know that the pipelines are not there. We do that this market is not serving communities of color very well. You all know the statistics im sure the folks watching online show the statistics that black founders are getting 1. 2 of venture funding that latinx companies are getting 2. 1 and women founders 2 . Of that 2 , only 1. 8 of that went to women of color. Keep in mind, Venture Capital is just a small slice of the Equity Capital that is available yet we know that these early infusions particularly from low wealth communities that are already starting fro
These public investments are not enough. Particularly when it comes to equity investment. Thats what were going to talk about today. In particular, want to bring to light a set of investments from treasury through states, the state Small Business Credit Initiative. This is a unique opportunity with public funds to connect communities of color and other underserved communities with the highgrowth Equity Capital. How do we do it . We know that the pipelines are not there. We do that this market is not serving communities of color very well. You all know the statistics im sure the folks watching online show the statistics that black founders are getting 1. 2 of venture funding that latinx companies are getting 2. 1 and women founders 2 . Of that 2 , only 1. 8 of that went to women of color. Keep in mind, Venture Capital is just a small slice of the Equity Capital that is available yet we know that these early infusions particularly from low wealth communities that are already starting fro
The Number One Community partner as the va. The other group didnt even put the va on their list. And if you think that the va doesnt bring something to the table, youre mistaken. I just want to point out one other thing. We talk about nonprofits. Nonprofits are businesses. Were businesses. And you have to speak when youre talking to a community, this is how you get with em to work, you have to speak in terms of business. And thats where, what youre doing at the chamber of commerce, ross, is huge. Because it resonates. Emotions will only go so far. You know, the emotions and the commitment, emotional commitment to veterans is going to wane here in the next few years. But what we point out to community leaders, what we point out to colleges and universities, what we point out to businesses is the Economic Impact a veteran has on their community. You know, we look at a hundred veterans going to school in our local Community Brings 2. 8 million in federal funds that are unsolicited into th