AMELIA ISLAND, Fla. (8/16/13)--First Commerce CU, based in Tallahassee, Fla., has announced a partnership with the Florida State University College of Business to launch a business speaker series.
The Power Forward Speaker Series will launch Nov. 6 with Barbara Corcoran of ABC's entrepreneurial reality show, "Shark Tank." The announcement was made at the Greater Tallahassee Chamber of Commerce's Annual Community Conference in Amelia Island, said the $355 million asset credit union. First Commerce was a presenting sponsor at the conference.
"As a local strong credit union in this community for more than 70 years, we know recent years have been difficult for our local businesses--but we are leaner, stronger and ready to power forward," said First Commerce CEO Cecilia Homison.
"As part of our commitment to our community, we wanted to find a way to celebrate the resilience of our businesses and keep our leaders inspired. After discussions with FSCU College of Business about their similar hopes for Entrepreneurship Month, the Power Forward speaker series was born," she said.
Corcoran parlayed a $1,000 loan to start The Corcoran Group into a $5-billion real estate business, which she sold in 2001 for $66 million. She also is a real estate contributor for NCB's "TODAY" Show. In the first and second season of "Shark Tank," Corcoran invested in 13 young businesses that she is shepherding to success. In Seasons three and four, she invested in 18 entrepreneurs.
Credit unions have been allies of small businesses and entrepreneurs, with many providing member business loans to entrepreneurs who can't get loans at banks. Credit unions and the Credit Union National Association are urging Congress to allow credit unions to do more by lifting credit unions' member business lending cap to 27.5% from 12.25%. Doing so would inject $13 billion in new small-business loans and help generate 140,000 jobs the first year.