How did you get involved in
REAL 504 Lending?
After graduating from LSU in 1985 with a degree in Accounting/Finance,
I moved to Texas in pursuit of employment using my degree. A local CPA told me of an opening in
accounting with a CDC in Fort Worth, so I interviewed for the position and was offered
the job on the spot. Over the next 20
years, I worked in all facets of the CDC before becoming the Executive Director
in May 2004.
What gives you the most
satisfaction of this profession?
For me, perhaps the most satisfaction from this profession comes in
seeing the end results. Having the
ability to travel across the Country and seeing the thousands of small
businesses who have achieved their dreams, and knowing that those dreams were
made possible by our CDC or one of our counterparts through the REAL 504
What is the most challenging
The most challenging aspect would be growing the CDC while competing
with the other major CDCs in Texas without sacrificing portfolio quality.
How does your CDC pursue its
economic development goals?
One of the most significant ways is working with the greater chamber
of commerce as well as the ethnic chambers of commerce in our area of operation. Twenty years ago slots were created on our
board of directors for representatives from each of the chambers of
commerce. This gives us an opportunity
to work hand-in-hand and provide financial resources back to the community via
the chambers of commerce. Also, our
headquarters is located within a Business Assistance Center (BAC). The BAC is a one-stop-shop that allows small
business owners to receive numerous services provided by SBDC, SCORE, Business
Information Center, and among other entities.
Our CDC is not only an anchor tenant, but we also provide financial
support to further the BAC’s Mission. In
addition, I am the Charter President of the 8-year-old North Texas Association
of Government Guaranteed Lenders (NTAGGL).
Our CDC is one of several entities that have combined financial resources
to fund a $50,000 Education Endowment
Scholarship Program. The goal is to
provide educational scholarships to students and to eventually see many of them
become small business owners. Lastly, I
will be looking at other avenues to leverage the funds necessary to see small
Could you comment on the NADCO
NextGen initiative, whose goals are to develop the next generation of industry
leaders, increase diversity in our leadership, and build relationships with
stakeholder industry NextGen groups?
I offer a standing ovation for the NADCO NextGen Initiative! When I left the NADCO board in 2012,
conversations had already begun regarding the need for succession planning both
within the NADCO leadership as well as through-out the CDC industry. This is a great leap towards building on what
is a solid foundation. The next
generation could bring additional energy and creativity to a very viable
industry while benefiting from the existing institutional knowledge from those
of us currently in the CDC arena.
Are you planning to attend the
NADCO 2014 Government Relations Conference?
Yes, I plan to attend the NADCO 2014 Government Relations
Conference. Our CDC has supported this
conference since its inception. I see it
as a great opportunity to keeping the REAL 504 Lending Program and its
successes in the forefront of our elected officials. I believe personally that it gives added
value to the elected officials witnessing that a delegation is willing to
travel to Washington, DC to represent their cause.