Small Business Council with Rafael Salaberrios

Description

Rafael “Ray” Salaberrios serves as Senior Vice President for Capital Access within Empire State Development’s Division of Small Business and Technology Development (SBTD). In this role, he oversees a broad portfolio of economic development and small business financing initiatives designed to expand access to capital, stimulate private investment, and support economic growth throughout New York State.

 Ray leads the administration and deployment of New York State’s State Small Business Credit Initiative(SSBCI) debt programs. SSBCI is a federal initiative administered by the U.S. Department of the Treasury that strengthens state programs supporting private financing for small businesses. Under Ray’s leadership, ESD’s Capital Access team has deployed and leveraged approximately $94.3 million in SSBCI capital to support more than 4,014 small business financing transactions totaling over $297.6 million in public and private financing activity. These transactions included loan guarantees, credit enhancements, interest rate reductions, and other capital access initiatives designed to expand private lending and improve financing opportunities for New York State small businesses