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ACMA President Meets with Commerce Secretary Locke October 13, 2009 (Arlington, Va.) – The president of the American Composites Manufacturers Association (ACMA), Monty Felix, met with U.S. Commerce Secretary Gary Locke on September 22, as part of a group of association leaders invited to discuss economic development concerns of small businesses. Felix, who is also CEO of Alaglass Pools, St. Matthews, S.C., spoke about the difficulties composites manufacturers have in securing credit to maintain and build their businesses. “In my own state of South Carolina, we’re seeing as much as 12 percent unemployment as small businesses, unable to secure loans, are forced to cut back,” said Felix. “I’d say 90 percent of ACMA members are small business owners and would benefit from a more robust loan guarantee program from the Small Business Administration.” In a proposal endorsed by other members of the Trade Association Liaison Council, Felix discussed the importance of modifying the SBA 7(a) loan program to include emergency lending to companies negatively impacted by the recession. # # # Press Contact: |
American Composites Manufacturers Association |