The final module of the SSBCI Learning Series will focus on Program Administration. Topics will include Reporting and Compliance, Staffing and Service Providers, Technical Assistance, and Partnering with Finance Intermediaries - all through the lens of administering programs. Join us on November 19 to complete your preparation for the rollout of the SSBCI program.

The newly-released Angel Funders Report 2021 uses verified data provided directly by active angel investing groups. The report is based on information collected from a variety of ACA member groups, including some of the most active investing communities. It analyzes angel capital investments made during 2020, and features profiles and insights from leading angel investors and startup company executives.

LISC's George Ashton takes a close look at why growth in the pre-pandemic number of minority-owned businesses has failed to narrow the racial wealth gap. The answer: existing BIPOC businesses don't have access to the kind of growth capital they need to build their resiliency, expand their workforce and support next-generation success.

An Economic Innovation Group (EIG) analysis of Census Bureau data on new business applications found that business formation continued to surge through Q3, reaching record highs in the first nine months of 2021 despite the spread of the COVID-19 Delta variant. Last year, applications to form new businesses—both sole proprietorships and businesses likely to hire and grow—reached unprecedented levels.

The next SSBCI Coalition meeting is this Friday, November 12. The SSBCI Coalition is available to CDFA Members only. There is no cost to attend SSBCI Coalition meetings.

SSBCI Coalition Meeting - November 12 (Virtual)
November 12, 2021 - 1:00 PM Eastern

SSBCI Learning Series - Module IV
November 19, 2021 - 1:00 PM Eastern

SSBCI Coalition Meeting - December 3 (Virtual)
December 3, 2021 - 1:00 PM Eastern

The Angel Funders Report 2021, published by the Angel Capital Association, uses verified data provided directly by active angel investing groups. The report is based on information collected from a variety of ACA member groups, including some of the most active investing communities. It analyzes angel capital investments made during 2020, and features profiles and insights from leading angel investors and startup company executives.

The American Rescue Plan Act of 2021 (ARPA) reauthorizes and amends the State Small Business Credit Initiative (SSBCI) Program. ARPA provides a combined $10 billion to states, the District of Columbia, territories, and Tribal governments to help address the economic fallout of the pandemic and lay the foundation for a strong and equitable recovery by providing direct support to jurisdictions for programs that increase access to credit for small businesses.

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