The U.S. Department of the Treasury announced the first group of plans approved under the new round of the State Small Business Credit Initiative (SSBCI). The American Rescue Plan reauthorized and expanded SSBCI, which was originally established in...

This Capital Program Reporting Guidance details the reporting and document retention requirements for jurisdictions that receive SSBCI funding. Treasury will create an online portal that participating jurisdictions must use to submit reporting data....

This new White House report details the historic recovery for America’s small businesses and demonstrates how the Biden-Harris agenda laid the foundation for this small business boom. By focusing on combatting the pandemic, providing Americans with...

Treasury will apportion $200 million of SSBCI technical assistance (TA) funding among TA Grant Program eligible recipients. $185.27 million of the $200 million (92.63 percent) will be available for distribution to states, the District of Columbia,...

This document provides guidance on the application, award requirements, and administration of the TA Grant Program. Section II describes the available TA Grant Program funding. Section III defines eligible recipients, eligible beneficiaries, and...

The Council of Development Finance Agencies (CDFA) and its SSBCI Coalition write to provide comments in response to the U.S. Department of the Treasury Interim Final Rule on Demographics-Related Reporting Requirements for the SSBCI program. Detailed...

U.S. Senators Cory Booker (D-NJ) and Tim Scott (R-SC) and U.S. Representatives Ron Kind (D-WI) and Mike Kelly (R-PA) introduced a bipartisan, bicameral bill reforming Opportunity Zones, the tax incentive for individuals who reinvest unrealized...

Senators Booker and Scott and Representatives Kind and Kelly, along with Senators Warner, Young, and Van Hollen, and Representatives Sewell, Walorski, and Kildee, propose a series of improvements to the Opportunity Zones policy to further their...

This resource offers a section-by-section summary of the bipartisan, bicameral bill to reform opportunity zones introduced by Senators Booker, Scott, and Kelly. This legislation would reinstating and expanding the reporting requirements, ending...

The Council of Development Finance Agencies (CDFA) and the national State Small Business Credit Initiative (SSBCI) Coalition call on the U.S. Department of the Treasury to fully implement the SSBCI program, and immediately deploy capital to Eligible...

The U.S. Department of Agriculture (USDA) is partnering with farmer-serving organizations, such as the National Sustainable Agriculture Coalition, and its members to better reach and serve an increasingly diverse farmer and rancher constituency for...

Long-awaited federal legislation addressing the phase-out of United States market reliance upon the London Interbank Offered Rate (“LIBOR”)1 as a reference rate was signed into law. With less than 16 months remaining before the expected end of USD...

CDFA and guest speakers from The Choctaw Nation and gener8tor held this webinar on March 11, 2022 for a discussion on how Tribal Governments can utilize the State Small Business Credit Initiative (SSBCI) program. During this webinar, CDFA provided...

Celebrate one year since the passage of the American Rescue Plan, take a look at this report for early successes from across the country to see how investments from state and local officials from NewDEAL’s network of innovative leaders are not only...

This document outlines the U.S. Department of the Treasury's State Small Business Credit Initiative (SSBCI) Frequently Asked Questions which were updated on March 2, 2022. Some of the questions answered in this document include the upcoming SSBCI...

This table provides helpful information regarding the incentive funding related to business enterprises owned and controlled by socially and economically disadvantaged individuals (SEDI). The columns contain the initial eligible amounts of the SEDI...

The Secretary of the Treasury is issuing this interim final rule to institute the reporting requirements related to demographics of those who own or control small businesses that receive a loan, investment, other credit or equity support, or...

The U.S. Department of the Treasury launched a historic demographic information collection effort to measure equity outcomes for small businesses supported by the SSBCI program. The information collected by Treasury will support the program’s...

The Federal Reserve has created this book to bring together community and economic development researchers, practitioners, philanthropists, and others to showcase the great work happening across this country and to outline a framework for conducting...

The undersigned organizations, including representatives of state and local governments and the affordable housing industry, strongly urge you to adjust the underlying statute of the SLFRF program to facilitate its use with the Low Income Housing...

The purpose of this training webinar is to assist applicants with understanding the guidelines for Assessment Grants (Community-wide and Site-specific), Revolving Loan Fund Grants, Cleanup Grants. This document includes: a general overview, types of...

This notice solicits applications for Port Infrastructure Development Program grants. Funds for the Fiscal Year (FY) 2022 PIDP grant program will be awarded on a competitive basis to make grants for projects for coastal seaports, inland river ports,...

This report reviews the Biden administration’s key efforts and accomplishments to advance equity in its first year and outlines future policies needed to build a better and more dynamic nation that equitably respects the rights and meets the needs...

This is a USDA resource guide to help people in rural America start and grow businesses, create good-paying jobs in their communities and strengthen America’s economy. The guide features information on how rural entrepreneurs can use USDA and other...

President Biden signed an Executive Order outlining the Administration’s implementation priorities and establishing an Infrastructure Implementation Task Force to coordinate the law’s effective implementation.

This guidebook is a roadmap to the funding available under the Bipartisan Infrastructure Law. It explains, in as much detail as currently available, how much funding is available at the program level. The primary goal is to help partners across the...

During this installment of the CDFA // BNY Mellon Development Finance Webcast Series, we explored economic insights for 2022, including the impacts of the Bipartisan Infrastructure Bill, the state of the bond market, and an outlook on economic...

U.S. Department of Agriculture announced that the Department is increasing the maximum loan amount to $400,000 under the Intermediary Relending Program. This change is in accordance with provisions in the Agriculture Improvement Act of 2018 (2018...

The Infrastructure Investment and Jobs Act (the “Act”) adds two categories of tax-exempt bonds that may be issued for exempt facilities and increases the amount of tax-exempt bonds authorized to be issued for one existing category of tax-exempt...

SSBCI 2.0 is an ambitious renewal (and dramatic scaling) of an Obama-era small business program that poses unique opportunities and challenges to our nation’s capital delivery systems. This resource outlines three strategies for deploying SSBCI 2.0...

Novogradac conducted an analysis of the private activity bond (PAB) financed by test for low-income housing tax credits (LIHTCs). The analysis determined that lowering the financed by test for PAB test from the current law threshold of 50 percent to...

America’s rural workforce provides a vital foundation for the nation’s economy. Rural America supplies the nation’s food and energy resources, and the fiber necessary for goods and manufacturing. As USDA continues to respond to the COVID-19 pandemic...

The federal Brownfields Tax Incentive was established by Congress in 1997 and was in place for 14 years but was not renewed by Congress in 2012. The report sponsors are concerned that there was insufficient information about the outstanding success...

During this installment of the CDFA // BNY Mellon Development Finance Webcast Series, experts explain how rural communities can embrace the challenges of financing high-speed internet for the economic and societal gains provided by broadband.

During this installment of the CDFA Food Systems Finance Webinar Series, we explored how investing in food-centered redevelopment can restore local food systems infrastructure, catalyze additional neighborhood development, and protect healthy,...

The federal programs and tools available today to help generate social and economic development in rural communities serve as a reminder of active and broad federal involvement in the 20th century, and the possibilities for federal leadership to...

To address local disparities and help struggling areas thrive, governments at all levels have spent billions of dollars on a range of geographically targeted, or "place-based," economic development programs — mostly in the form of financial...

The COVID-19 pandemic and associated public health and social distancing mandates caused unprecedented shifts and disruptions for Local and Regional Food Systems (LRFS). USDA Agricultural Marketing Service (AMS) along with the cooperating research...

More than 30 USDA grant and loan programs provide support and assistance for local and urban food producers and producer groups. These grant and loan programs may be grouped into several broad program categories, including marketing and promotion;...

The U.S. Department of Agriculture (USDA) is committed to supporting robust regional food economies across the food chain. This graphic is designed to be a guide for which programs are best suited for different parts of the supply chain.

There are several existing agricultural lender initiatives that can inform the development of lending programs or products for resilient agriculture. This report derives five key lessons from these initiatives, including the need to understand the...

This report from the White House' Council of Economic Advisers compares the advantages of OZs with those of other Federal antipoverty programs and documents the characteristics of the nearly 8,800 low-income communities designated as OZs. It also...

This is the third report issued by the White House Opportunity and Revitalization Council as required under Executive Order 13853, and outlines best practices that could be integrated into public and private investments in urban and economically...

During the April 24, 2020 Weekly COVID-19 Development Finance Briefing, listeners were given updates from SBA and HUD on early statistics for the PPP and EIDL programs, as well as additional actions taken by both agencies such as payment forgiveness...