The New Markets Tax Credit Program (NMTC Program) helps economically distressed communities attract private investment capital. This federal tax credit helps to fill project financing gaps by enabling investors to make larger investments than would...

The U.S. Department of the Treasury published the SSBCI Guidebook: Communications and Media Relations to provide general communications best practices and how they could be applied to State Small Business Credit Initiative (SSBCI) programs in...

This notice modifies the existing domestic content safe harbor in Notice 2023-38, provides a new elective safe harbor for determining the domestic content bonus credit amounts under §§ 45, 45Y, 48, and 48E of the Internal Revenue Code, and requests...

On May 10, 2024, the U.S. Department of the Treasury published updated FAQs for the State Small Business Credit Initiative (SSBCI) Capital Program. The update covers the Conflict-of-Interest Standards for Equity/Venture Capital Programs.

This notice provides additional guidance to clarify and amplify the procedures for the allocation of credits under Section 48C of the Internal Revenue Code regarding the qualifying advanced energy project credit program.

The U.S. Department of the Treasury and the Internal Revenue Service released final guidance describing rules and definitions for transferrable tax credits/incentives in the Inflation Reduction Act. They will be published in the April 30, 2023,...

On April 5, 2024, the U.S. Treasury Department published updated FAQs for the State Small Business Credit Initiative (SSBCI) Investing in America Small Business Opportunity Program (SBOP).

On March 29, 2024, the U.S. Department of the Treasury published its second State Small Business Credit Initiative (SSBCI) quarterly report, covering the period of October 1, 2023 through December 31, 2023.

On March 28, 2024, the U.S. Department of the Treasury published updated reporting guidance for the State Small Business Credit Initiative (SSBCI) Technical Assistance Grant Program.

On March 26, 2024, the U.S. Department of the Treasury held an informational webinar on the State Small Business Credit Initiative (SSBCI) Investing in America Small Business Opportunity Program (SBOP). The webinar also had guest speakers from the...

This notice provides guidance for qualified student loan bonds to clarify certain requirements for tax-exempt bond financing for loan programs of general application approved by a State under § 144(b)(1)(B) (State Supplemental Loan programs). ...

On March 18, 2024, the U.S. Department of the Treasury published an updated FAQ for the State Small Business Credit Initiative (SSBCI). The update provides clarity on conflict-of-interest standards.

On March 18, 2024, the U.S. Department of the Treasury published updated FAQs for the State Small Business Credit Initiative (SSBCI) Small Business Opportunity Program (SBOP).

On February 21, 2024, the U.S. Department of the Treasury published updated FAQs for the State Small Business Credit Initiative (SSBCI). The update provides an answer to the question: "How does Treasury identify CDFI Investment Areas for purposes of...

On February 21, 2024, the U.S. Department of the Treasury published updated reporting guidance for the State Small Business Credit Initiative (SSBCI) Capital Program.

On February 16, 2024, the U.S. Department of the Treasury clarified the State Small Business Credit Initiative's (SSBCI) socially and economically disadvantaged individual-owned (SEDI-owned) business reporting certifications. Treasury stated that...

On January 31, 2024, the U.S. Department of the Treasury provided a quarterly all-jurisdiction update for the State Small Business Credit Initiative (SSBCI).

On January 24, 2024, the U.S. Department of the Treasury published updated FAQs for the State Small Business Credit Initiative (SSBCI) Small Business Opportunity Program (SBOP).

On January 19, 2024, the U.S. Department of the Treasury published an updated FAQ document for the State Small Business Credit Initiative (SSBCI). The update concerns questions about a jurisdiction's venture capital fund program.

On January 11, 2024, the U.S. Department of the Treasury Published a draft template for the State Small Business Credit Initiative Investing in America Small Business Opportunity Program (SSBCI Investing in America SBOP).

On January 9, 2024, the U.S. Department of the Treasury published a frequently asked questions (FAQ) document regarding the Small Business Opportunity Program (SBOP) under the State Small Business Credit Initiative (SSBCI).

On January 8, 2024, the Office of the Comptroller of the Currency (OCC) published answers to frequently asked questions (FAQ) about the State Small Business Credit Initiative 2.0 (SSBCI) based on the facts and circumstances presented in the...

The U.S. Department of the Treasury released the State Small Business Credit Initiative (SSBCI) Quarterly Report for the Third Quarter of 2023.

On December 7, 2023, the U.S. Department of the Treasury (Treasury) released a snapshot on its implementation of the State Small Business Credit Initiative (SSBCI) program with Tribal governments. To date, Treasury has received applications from...

The U.S. Department of the Treasury released updated guidelines for the State Small Business Credit Initiative (SSBCI) Capital Program on December 4, 2023.

The U.S. Department of the Treasury Released an updated FAQ document for the State Small Business Credit Initiative on December 4, 2023.

The U.S. Department of the Treasury announced the approval of 20 additional state awards under the State Small Business Credit Initiative (SSBCI) Technical Assistance Grant Program, totaling more than $50.8 million. These awards will be used to...

On November 6, 2023, the U.S. Treasury Department held a webinar outlining the SSBCI Investing in America Small Business Opportunity Program (SBOP) Notice of Funding Opportunity.

The U.S. Department of the Treasury announced the new $75 million Investing in America Small Business Opportunity Program, a competitive grant program under the State Small Business Credit Initiative (SSBCI) to support technical assistance for very...

The U.S. Department of the Treasury released an interim report on the progress the Department has made in implementing the State Small Business Credit Initiative (SSBCI), which illustrates how the funding has both supported the small business boom...

The purpose of this report is to identify and review existing research and data on the unique history, challenges, industries, actors, and available funding and capital sources that shape how tribes and Native actors successfully participate in...

The U.S. Department of the Treasury released updated Frequently Asked Questions (FAQs) for the State Small Business Credit Initiative (SSBCI) on September 28, 2023.

State Small Business Credit Initiative (SSBCI) credit support programs present an opportunity for community development financial institutions (CDFIs) to expand their lending to eligible small businesses, including to underserved small businesses...

This Tribal Recovery Report is authored by the Office of Tribal and Native Affairs within Treasury. It features innovative projects and services planned or underway by Tribal governments and funded by SLFRF to support the well-being of Tribal...

On June 15, 2023, the U.S. Department of the Treasury released revised State Small Business Credit Initiative (SSBCI) Capital Program Policy Guidelines. The revisions concerned the requirements applicable to refinancing transactions by new lenders.

The U.S. Department of the Treasury released the State Small Business Credit Initiative (SSBCI) Technical Assistance (TA) Grant Program Reporting Guidelines. This guidance details the reporting and document-retention requirements for jurisdictions...

The U.S. Department of the Treasury updated the Fact Sheet for the State Small Business Credit Initiative (SSBCI). The updated sheet includes information about program design, implementation status, and capital program spotlights.

Financing from the federal New Markets Tax Credit Program enabled the Red Lake Nation to expand and upgrade its main grocery and retail hub, the Red Lake Trading Post, in northern Minnesota. In addition to the deli and cafe sections pictured here,...

The Lac Vieux Desert Band of Lake Superior Chippewa Indians is responsible for delivering high-quality public services and investing in new business opportunities for its community. The band used New Markets Tax Credits (NMTC) to finance this...

The U.S. Department of the Treasury updated the State Small Business Credit Initiative Technical Assistance Grant Program FAQs on May 9, 2023.

The U.S. Department of the Treasury held its quarterly State Small Business Credit Initiative (SSBCI) All Jurisdiction meeting and provided updates on the SSBCI Capital Program, Technical Assistance Grant Program, outreach efforts, work groups, and...

On April 28, 2023, the U.S. Department of the Treasury released the State Small Business Credit Initiative (SSBCI) Technical Assistance Grant Program guidelines.

Stakeholders share frontline experiences using a key tool for attracting capital in Native communities.

The U.S. Department of the Treasury updated the FAQs for the State Small Business Credit Initiative Program (SSBCI) on April 7, 2023.

The American Rescue Plan has helped to power one of the strongest and most equitable recoveries on record while making investments that position our nation for economic success in the coming decades. Over the last year, American Rescue Plan programs...

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