On March 11, 2021, President Biden signed The American Rescue Plan Act, which reauthorized and funded the State Small Business Credit Initiative (SSBCI). The new version of the SSBCI program provides a combined $10 billion to states, the District of Columbia, territories, and Tribal governments to empower small businesses to access capital needed to invest in job-creating opportunities as the country emerges from the pandemic. The funds will also support recipient jurisdictions in promoting American entrepreneurship and democratizing access to startup capital across the country, including in underserved communities.
Recent SSBCI News and Announcements from the last 60 days:
Treasury Announces Seven Additional States to Receive up to $1.5 Billion from U.S. Treasury Department to Promote Small Business Growth and Entrepreneurship through the American Rescue Plan (12/6/2022)
Request for Information: Treasury posted a request for information (RFI) in the Federal Register to gather input from the public about SSBCI’s Technical Assistance programs. Responses are due November 3, 2022. (note that the comment deadline has been extended). After reviewing the RFI, commenters can post their comments on Regulations.gov.
Treasury Announces Eleven Additional States to Receive up to $1 Billion from U.S. Treasury Department to Promote Small Business Growth and Entrepreneurship through the American Rescue Plan (10/11/2022)
March 31, 2023 - Applications for SSBCI technical assistance funding from Tribal governments are due (application materials).
PROGRAM Rules and materials
2021 SSBCI ARCHIVES
Documents, timelines, and other resources related to the 2021 allocation of the SSBCI program can be accessed here 2021 Archive.
2011-2017 SSBCI ARCHIVES
Documents and resources from the 2010 SSBCI Allocation which operated from 2011-2017 can be found at 2010-2017 Archive. Note that application materials, program requirements, and guidance will be revised for the 2021 round of SSBCI.
Any questions regarding the SSBCI program should be submitted to firstname.lastname@example.org.
Please note that Treasury has assigned individual Outreach Managers to each State, Territory, and Tribal Government to serve as an individualized point of contact for the SSBCI Program. If you are a Participating Jurisdiction and do not know who your outreach manager is, please contact email@example.com.