Back in 1969, computers and microchips were the emerging industry. That year, an SBIC invested $300,000 in a chip manufacturer with 200 employees and $500,000 in revenues. Today, it’s Intel: 86,000 employees and $40 billion in revenues.

In the mid-70s, another emerging industry was air cargo. An SBIC invested $5.8 million in a small company. Today, it’s FedEx.

There are more recent examples, too. Action Carting Environmental Services is based in a lower-income area of New Jersey, with facilities in the Bronx and Brooklyn. With an SBIC investment of $3.2 million in 2007, they went from 94 employees to 365. They’ve also built one of New York City’s largest recycling facilities, which recycles 10,000 tons of waste each month.”

The entire speech can be found at the following link:
http://www.sba.gov/about-sba-services/7586/16066

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