The newly announced State Small Business Credit Initiative will make $360 million available to banks in 11 states that have applied and demonstrated that every dollar banks accept will generate $10 in new private lending. In his "Small Matters" column, Temple economist Bill Dunkelberg questions whether this will boost local economies and create jobs, because borrowing activity at banks has been so low. "With the increase in the savings rate, most banks have plenty of money to lend — they just don't have enough good loan applicants," he wrote.