State Small Business Credit Initiative (SSBCI) Investing in America Small Business Opportunity Program (SSBCI Investing in America SBOP)
ID: 350727Type: Posted
Overview

Buyer

Office of Capital Access (USDOT-ORP)

Award Range

$5M - $10M

Eligible Applicants

Others

Funding Category

Business and Commerce

Funding Instrument

Grant

Opportunity Category

Discretionary

Cost Sharing or Matching Requirement

Yes
Timeline
    Description

    The U.S. Department of the Treasury is inviting applications for the State Small Business Credit Initiative (SSBCI) Investing in America Small Business Opportunity Program (SSBCI Investing in America SBOP), aimed at providing grant funding for innovative technical assistance models to very small businesses and socially and economically disadvantaged individuals. Eligible applicants include states, territories, the District of Columbia, and Tribal governments that are approved or in the process of approval as participating jurisdictions in the SSBCI Capital Program, with a focus on delivering legal, accounting, and financial advisory services. This initiative is part of a broader effort to enhance access to capital for small businesses, particularly in the wake of the pandemic, and is expected to create high-quality jobs and foster entrepreneurship. Interested jurisdictions must submit their applications by 11:59 PM on June 3, 2024, with funding amounts ranging from $5 million to $10 million, and can direct inquiries to SSBCI_Information@treasury.gov.

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