Financing sources for small businesses will be one of several exchanges the SBA will share with the Ministry of Economic Development of the Russian Federation.
Through a new alliance, both agencies have agreed to work together to strengthen bilateral relations in the area of small business development in both countries, the SBA said today. Under a Memorandum of Understanding signed by representatives of both governments March 23 under the U.S.-Russia Bilateral Presidential Commission, experiences in sources of small business finance, job creation, human capital development and fighting unemployment will be exchanged between the two countries.
Other shared areas will include federal, state and local government support of small and medium enterprises and mechanisms of support for export-oriented enterprises.
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