The Inflation Reduction Act of 2022 (IRA), signed by President Biden on August 16, 2022, changed a wide range oftax laws, and includes over $320 billion in new and expanded incentives for energy efficiency, renewable and cleanenergy investments,...

The U.S. Department of the Treasury is extending the deadline for Tribal governments to submit their complete SSBCI Technical Assistance (TA) Grant Program application to July 28, 2023, at 11:59 p.m. Eastern Time (ET). Tribal governments that...

Treasury announces approval of up to $339 million to support small business success across three states and two U.S. Territories. These SSBCI Initiative funds are awarded to Arkansas, Guam, Rhode Island, the U.S. Virgin Islands, and Wisconsin to...

A new report from Croatan Institute highlights how the Soil Wealth Area model can facilitate more investment in regenerative agriculture, enhance conservation, and support resilient rural economies. The report provides specific recommendations for...

The U.S. Department of the Treasury released its methodology summary for preliminary SSBCI allocations for Tribal governments on February 21, 2023.

MBDA is seeking proposals for its $93.5 million Capital Readiness Program grant competition to help minority and other underserved entrepreneurs launch and scale their businesses. This Program will provide funding to incubators, accelerators, and...

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

The U.S. Department of the Treasury released an updated FAQ sheet for the State Small Business Credit Initiative program on December 8, 2022.

The U.S. Department of the Treasury announced the list of Tribal governments that submitted SSBCI Capital Program applications on November 29, 2022. The applications will now be reviewed prior to release of any funding for those programs.

The U.S. Department of the Treasury published the SSBCI National Compliance Standards on November 17, 2022.

The U.S. Department of the Treasury announced that it will hold an SSBCI Fall Virtual Conference via Zoom from Monday, November 14, 2022, to Friday, November 18, 2022. The Virtual Conference will include discussion sessions and roundtables to allow...

On September 20, 2022, the U.S. Department of the Treasury published a request for information for public comment on how it could use its authority to fund SSBCI Technical Assistance to qualifying businesses. The original RFI deadline was October...

On October 20, CDFA and its SSBCI Coalition provided comments in response to the U.S. Department of the Treasury's request for information regarding the deployment of the remaining $200M in SSBCI Technical Assistance Grant Program funds.

Read CDFA's response to the U.S. Department of the Treasury's request for information regarding the distribution of the remaining $200M in SSBCI TA funding.

The U.S. Department of the Treasury announced the approval of state plans for Alaska, Idaho, Iowa, Massachusetts, Minnesota, Missouri, Nebraska, Nevada, New Mexico, Ohio, and Utah under the State Small Business Credit Initiative (SSBCI). Treasury...

The U.S. Department of the Treasury issued revised SSBCI Capital Program Policy Guidelines on October 7, 2022.

The U.S. Department of the Treasury issued revised SSBCI Capital Program Reporting Guidelines on September 30, 2022.

On September 27, 2022, the U.S. Department of the Treasury issued this updated FAQ documents for the State Small Business Credit Initiative (SSBCI).

On September 21, 2022, the U.S. Department of the Treasury issued this updated FAQ documents for the State Small Business Credit Initiative (SSBCI).

The U.S. Treasury is authorized to provide up to $500M in support for small business TA programs and is inviting public comment on how it can use its authorities to fund TA to very small businesses and business enterprises owned and controlled by...

Business Oregon is offering several free webinars about the State Small Business Credit Initiative (SSBCI) program in September. See Business Oregon's website for descriptions of the webinar content, registration information, and additional details...

Maryland Governor Larry Hogan announced Maryland programs funded by the State Small Business Credit Initiative are open. Up to $198M in federal small business relief is being administered by the Maryland Department of Housing and Community...

The U.S. Department of Treasury announced approval of state plans for Colorado, Oregon, New York, and Montana under the State Small Business Credit Initiative for up to $750M in funds to expand access to capital for small businesses. 

“We’re grateful for the opportunity to invest in a diverse set of entrepreneurs and businesses in our most promising industries throughout the state. We know that an innovative economy provides higher wages and more business resilience in times of...

This document outlines the U.S. Department of the Treasury's State Small Business Credit Initiative (SSBCI) Frequently Asked Questions which were updated on July 25, 2022.

The U.S. Department of Treasury announced an additional group of nine state plans approved under the State Small Business Credit Initiative (SSBCI). Treasury has approved more than $1.5 billion in funding to promote small business growth through...

This document outlines the U.S. Department of the Treasury's State Small Business Credit Initiative (SSBCI) Frequently Asked Questions which were updated on June 22, 2022. Some of the questions answered in this document include the upcoming SSBCI...

This table presents the SSBCI programs that States, the District of Columbia, and territories have proposed to Treasury. Treasury is currently reviewing applications and all data presented is subject to change.

The questions in this document were asked by participants during CDFA’s May 26, 2022 SSBCI Briefing on the Technical Assistance Grant Program Guidelines.

CDFA's analysis of the TA Grant Program Guidelines highlights key provisions and is not comprehensive of all program requirements. View Treasury’s dedicated SSBCI webpage and CDFA’s SSBCI Resource Center for additional program information, updates,...

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 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...

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...

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...

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 report — the first in a series between the Urban Manufacturing Alliance (UMA) and The Century Foundation (TCF) — describes the SSBCI program and offers recommendations from the perspective of mission-based lenders and those seeking to support...

CDFA hosted this public briefing on January 20, 2022 to provide an overview and demonstration of the new SSBCI Leverage Ratio Data Table as well as the Enrolled Loan Data Table. CDFA along with representatives from Treasury discussed key provisions...

The deadline for Tribal governments to submit a notice of intent (NOI) to apply for SSBCI funds was December 11, 2021. This document includes the list of Tribal governments that submitted an NOI by this deadline. In addition to submitting an NOI,...

The Coronavirus State and Local Fiscal Recovery Funds (SLFRF), a part of the American Rescue Plan, delivers $350 billion to state, local, and Tribal governments across the country to support their response to and recovery from the COVID-19 public...

The Secretary of the Treasury (Treasury) is adopting as final the interim final rule with amendments. This rule implements the Coronavirus State Fiscal Recovery Fund and the Coronavirus Local Fiscal Recovery Fund established under the American...