CDFA is excited to kick off the 2023 SSBCI Learning Series with the first webinar event - Compliance: Program Reporting Requirements. Join us on February 16 from 2:00 PM - 4:00 PM Eastern, where expert speakers will share strategies for maintaining program compliance and the systems, template documents, and additional resources. Speakers will discuss the merit of collecting additional or disaggregated data beyond what is currently required by the U.S. Treasury and how to use that information to create greater transparency around targeted program outcomes.

Louisiana Economic Development (LED) officials say money from the federal government's State Small Business Credit Initiative may begin flowing in April. The U.S. Department of the Treasury allocated up to $113 million to boost funding for creditworthy small businesses and entrepreneurs in Louisiana. LED is finalizing the application process to meet Treasury and legal standards, and interested entrepreneurs can begin contacting participating funds and lenders. 

Join CDFA as we kick off the new year with the return of the Fundamentals of Economic Development Finance Course on January 25-26, 2023! This course is the foundation for all of CDFA's educational offerings and will help attendees understand the variety of development finance tools available including bonds, tax credits, tax increment financing (TIF), federal financing programs, RLFs, Opportunity Zones, and access to capital lending resources.

Rhode Island is set to receive up to $61.7 million in federal funding to promote small business growth and entrepreneurship in the Ocean State. The state will be responsible for allocating the federal funds and plans to target SSBCI funds to help underserved businesses and entrepreneurs. The funds will deliver loans to underserved small businesses and will partner with proven private entities to identify and boost local early-stage and high-growth firms.

New York's Governor announced the launch of the $30 million Pre-Seed and Seed Matching Fund Program, which will offer early-stage start-up companies $50,000 to $250,000 in growth assistance with match funds from private sector co-investors. The program will support the development of businesses in high-growth industries and the creation of 21st century jobs. Funding for the program comes from the State Small Business Credit Initiative (SSBCI), part of the federal American Rescue Plan.

The state of New Jersey will receive more than $255 million in funding through the federal State Small Business Credit Initiative, the New Jersey Economic Development Authority (EDA). The EDA will utilize the funding to develop six programs that will provide financial and technical assistance to small and microbusinesses, as well as early-stage, innovation-focused companies located in New Jersey.

The U.S. Department of the Treasury released the revised SSBCI Capital Program Policy Guidelines on December 15, 2022.

The Pennsylvania CDFI Network has secured a new $45 million allocation of the State Small Business Credit Initiative (SSBCI). This is in partnership with 11 community development financial institutions (CDFIs) across the state and the Pennsylvania Department of Community and Economic Development (PA DCED). 

Fundamentals of Economic Development Finance Course
January 25-26, 2023 - Daily: 12:00 PM - 5:00 PM Eastern

2023 CDFA Federal Policy Conference
April 11-12, 2023 - Washington, DC