OIG reports that Massachusetts appropriately used most of the SSBCI funds it had expended as of June 30, 2012, but spent $237,000 to participate in an SBA-guaranteed loan under the MBDC Loan Participation Program, which Treasury officials said was...

Michael Finney, President and CEO of the Michigan of the Michigan Economic Development Corporation, discusses the economic impact of Pure Michigan programs and provides several case studies.

This report from the U.S. Treasury summarizes the states' Annual Reports and gives state-by-state data showing how SSBCI programs operate in all 50 states, the District of Columbia, and five territories have expended their allocated funds in 2013.

SSBCI staff facilitated the creation of a working group focused on SSBCI in underserved markets. This report summarizes the observations of the working group as to both common and unique approaches taken by state SSBCI programs in addressing their...

Steve Cohen of Empire State Development discusses a variety of state financing programs, in addition to introducing a new business mentor program called Business Mentor NY.

Margie Piliere of the New Jersey Economic Development Authority provides an in-depth analysis of the SSBCI program, as well as the basics behind bond financing.

This report by the Dept. of the Treasury Office of Inspector General reviews Tennessee's use of funds awarded under the first iteration of the SSBCI program. OIG determined that the state of Tennessee properly used all $13.5 million of the SSBCI...

In the report, the Dept. of the Treasury Office of Inspector General found that Illinois used most of their SSBCI funds appropriately, but did participate in a loan that was used to purchase the stock of a company representing its entire ownership...

The Dept. of the Treasury Office of Inspector General's review of Florida's SSBCI fund found most transactions complied with program requirements. However, the State participated in a $34.7M FLVCP investment that exceeded the $20M restriction.

This report by the Dept. of the Treasury Office of Inspector General reviews Washington's use of funds awarded under the SSBCI program. In the report, OIG found that borrower and lender assurances were complete and timely.

This report by the Dept. of the Treasury's Office of Inspector General reviews American Samoa’s use of funds awarded under the SSBCI 1.0 program. The OIG found that American Samoa has not provided sufficient records to determine the Territory's...

This report by the Dept. of the Treasury Office of Inspector General reviews Idaho’s use of funds awarded under the SSBCI program. In the report, OIG found the state to have some inaccuracies in reporting, but did not find reckless or intentional...

This report by the Dept. of the Treasury Office of Inspector General reviews North Carolina’s use of funds awarded under the SSBCI program. In the report, OIG found the state to have conducted prohibited actions, but did not find reckless or...

This overview of OIG audits and the Treasury's sampling annual reports and disbursement requests is provided by Maureen Klovers of the Treasury.

This summary of states' State Small Business Credit Initiative (SSBCI) quarterly reports highlights success stories, disbursement data, top performing states, funds allocated by program type, and more from SSBCI-participating states.

A briefing of West Virginia's SSBCI program is provided by Michele O'Connor during her presentation for the SSBCI Webinar Series.

Joe Morrison from the Municipality of Anchorage gives an overview of the SSBCI program for Alaska.

Cory Mohn of NetWork Kansas gives a summary of their SSBCI program.

Cliff Kellogg of the U.S. Department of the Treasury gives an update on SSBCI funding as of March 31, 2014.

This report by the Dept. of the Treasury Office of Inspector General reviews Indiana’s use of funds awarded under the SSBCI program. In the report, OIG found Indiana accountable for reckless, intentional misuse of funds.

This is the frequently asked question document maintained by the U.S. Dept. of the Treasury for the State Small Business Credit Initiative. Answers cover everything from the program overview to reporting requirements.

This document sets national standards for compliance and oversight responsibilities of states, territories, D.C. and municipalities that have been awarded SSBCI funds. Originally published May 15, 2012, this document was revised April 16, 2014 and...

David Rodriguez with Enterprise Florida explains the Florida State Small Business Credit Initiative.

This guidebook from SSBCI offers best practices for State Venture Capital Programs to stimulate and support private investment over time. Included are recommendations for program design and implementation.

This summary of states' State Small Business Credit Initiative (SSBCI) quarterly reports highlights success stories, disbursement data, top performing states, funds allocated by program type, and more from SSBCI-participating states.

In this Office of Inspector General report, South Carolina's SSBCI programs are audited. The audit finds that South Carolina obligated approximately $16.4 million as of June, 30, 2013.

New York State’s Capital Access Program (CAP) is funded through the State Small Business Credit Initiative (SSBCI), a US Treasury program authorized by the US Small Business Jobs Act of 2010. CAP provides portfolio insurance to participating Lenders...

Advantage Illinois posted the list of participating lenders for the state's SSBCI programs which includes contact information for lenders accepting applications on a rolling basis.

Each year, SSTI takes a look back at the past year’s activities in tech-based economic development and examines various policy and financing tools such as access to capital, tax incentives, tech hubs, education policy and much more.

This report examines how states are using the SSBCI allocations, what they are learning from the SSBCI experience, and how state policy leaders and program managers can further improve the volume of lending and achieve their individual program goals.

This SSBCI Best Practices document shares best practices for SSBCI Loan Guarantee Programs for state managers which includes information on program design, operations, marketing, monitoring and evaluation.

During this installment of the CDFA//BNY Mellon Development Finance Webcast Series, state leaders evaluated funds managed by public sector participants, discussed their role in complementing private VC funds, and considered which types of businesses...

State and local governments have taken a renewed interest in supporting venture capital in the last year. During this webcast, Mike Flanagan of the Michigan Economic Development Corporation and Gene Eagle of the Arkansas Development Finance...

The final webinar in the four-part SSBCI Webinar series provides an update on the SSBCI Coalition, overview of how states have worked with CDFIs to increase investment, strategies to promoting rural development and investing in distressed...

This SSBCI Best Practices document shares best practices for Loan Participation Programs for state managers which includes information on program design, operations, marketing, monitoring and evaluation.

This SSBCI Best Practices document is the result of a group of top SSBCI state officials working to provide practical advice and successful practices that could be readily implemented by other states operating Collateral Support Programs.

The U.S. Department of Treasury released an overview of the SSBCI to help lenders understand the fundamentals of the program.

This report analyzes the Annual Reports of the 47 states, the District of Columbia, five territories and municipalities in three states that received allocations through December 31, 2012, the first full year that every SSBCI program operated.

The State of California – Business Investment Guide serves as a reference document to highlight California’s strategic business advantages, new state-sponsored initiatives, incentives as well as existing technical and financial assistance programs.

The Opportunity Finance Network provides a snapshot of CDFI-related policy activity at the state level during 2012. The report includes analysis and information on legislative trends, State New Markets Tax Credit programs, and the State Small...

In this audit report by the Office of the Inspector General, Kansas' use of SSBCI funds are examined. The audit finds that Kansas disbursed the majority of its first tranche.

The third webinar of the 2013 CDFA SSBCI Webinar Series began with an update of Coalition activities with the OIG, publications, state assistance, and advocacy.

Cory Phelps with Idaho Housing and Finance Association (IHFA) provides an overview of IHFA's access to capital tools, eligible loans, program highlights, partnerships and more.

Michael Paparian with California State Treasurer's Office reports on the state of energy financing, specifically with emerging or nontraditional financing models for clean energy investment at the state level. Paparian discusses financing sources...

The most prevalent and pressing trends in development finance are presented in this article by Catherine Feerick of CDFA. Feerick provides an update on the SSBCI program as well as emerging approaches to local food systems finance. This article...

In an effort to help states participating in the U.S. Department of the Treasury's SSBCI program, CDFA developed a number of technical assistance service options. CDFA’s SSBCI Assessment Services provide a comprehensive, third party evaluation of...

American Bankers Association hosted a webinar to help banks learn more about the SSBCI program and how they can utilize the program to expand their small business borrowing base. In this presentation, moderated by SSBCI Program Director Clifton...

The Treasury Department's OIG released their Audit Report on Alabama's use of federal funds through SSBCI 1.0. The audit determines that Alabama was fully compliant with program requirements and contributed the compliance to a best practice employed...

John Kingery describes access to capital tools utilized by the Georgia Department of Community Affairs. These tools include the Jobs Tax Credits Program, Downtown Development RLF, Opportunity Zones, and the State's SSBCI-supported programs.

The second webinar of the 2013 CDFA SSBCI Webinar Series started with a report from the U.S. Department of the Treasury. As we approach the summer and look to the remaining months of the year, representatives from Treasury will give an update on the...