CDFA hosted this public briefing on November 22, 2021 to provide an overview of the new SSBCI Capital Program Policy Guidelines as well as application timelines and requirements. CDFA along with representatives from Treasury discussed key provisions...

This November 2021 Fact Sheet from the U.S. Department of the Treasury discusses the five types of SSBCI programs. The programs available under SSBCI are 1) Venture Capital Programs, 2) Loan Participation Programs, 3) Loan Guarantee Programs, 4)...

CDFA’s analysis of the November 2021 SSBCI Capital Program Policy Guidelines is meant to provide a high-level overview of key provisions and is not comprehensive of all updates and changes to the April 2014 policy guidelines.

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...

This white paper, authored by three researchers at Drexel University's Nowak Metro Finance Lab, argues that to drive a recovery that expands opportunity and innovation, local leaders would be well put to think about ways they can maximize SSBCI...

The Idaho Collateral Support Program (CSP) provides qualified small businesses with additional loan collateral necessary for a lender to grant the loan. The CSP was funded through the federal State Small Business Credit Initiative (SSBCI) program....

SSBCI was signed into law as part of the American Rescue Plan Act of 2021. CDFA hosted this National SSBCI 2.0 Call serving as an interface between Treasury and stakeholders during the rulemaking process. On March 26, 2021, we discussed insights and...

SSBCI was signed into law as part of the American Rescue Plan Act of 2021. CDFA hosted this National SSBCI 2.0 Call with interested stakeholders on March 11, 2021, to discuss SSBCI 2.0. We discussed key SSBCI 2.0 questions and timelines. We also...

Quality Electrodynamics (QED) turned to JobsOhio for support in creating a research and development (R&D) center for collaboration and innovation. This case study examines how the JobsOhio Research & Development Grant Program was able to assist QED.

During the April 10, 2020 Weekly COVID-19 Development Finance Briefing, Bruce Katz from Drexel University, Rachel Reilly from the Economic Innovation Group, and Katie Kramer from CDFA examined relief efforts run by local governments, philanthropic...

On the March 27, 2020 Weekly COVID-19 Development Finance Briefing, we discussed how Development Finance Agencies have initially responded to COVID-19, examined Congressional legislation, analyzed how federal agencies are reacting, and looked at a...

CALED knows from its work supporting economic development throughout California that infrastructure financing is a challenge for many rural communities. CALED collaborated with CDFA to develop this guidebook to meet the need for a resource to help...

In 2019, the Governor signed House Memorial 16 directing the Economic Development Department (NMEDD) to bring together stakeholders and convene an Economic Development Innovation Task Force to spur collaboration and innovative discussions on methods...

Founded by ex-Googlers and based in Silicon Valley, Upstart is the first lending platform to leverage artificial intelligence (AI) and machine learning (ML) to price credit and automate the borrowing process. Upstart partnered with the JobsOhio...

In 2011, Governor Cuomo created ten Regional Economic Development Councils (REDC) and the Consolidated Funding Application (CFA) to advance the administration’s efforts to improve New York’s business climate and expand economic growth. This 2019...

This report, produced by The PEW Charitable Trusts, examines how state governments can find solutions to policies that undermine opportunities for investment and job creation when businesses spend too much time or money on inefficient regulatory...

This report summarizes the outcomes of 142 state credit support and investment programs funded by the State Small Business Credit Initiative (SSBCI), which supported over $8 billion in new lending and investing to small businesses since 2011. The...

Allen McConnell (Ohio Development Services Agency) discusses how small businesses are financed, the various access to capital challenges they face, and the most innovative and effective access to capital tools available in Ohio.

For most states, promoting entrepreneurship has not been part of the mainstream programmatic efforts of traditional economic-development policy. However certain states, such as Michigan, have had the foresight to support investments which foster an...

Business Facilities provides a list of some of the incentives available for companies in New York.

Business Facilities provides a list of some of the incentives available for companies in New Jersey.

Representatives from the California Association of Micro Enterprise Opportunity and California Pollution Control Financing Authority look at how California creates access to capital for micro businesses and enterprises.

Jeree Glasser-Hendrick of the California Debt Limit Allocation Committee provides an in-depth look at the wide range of development fiance resources available through the California State Treasurer's Office.

The Office of the Inspector General examines Washington's SSBCI programs in this audit report. The report finds that, as of June 30, 2012, Washington had expended $7.1 million.

TJ Jennings of the Arizona Commerce Authority discusses the basics, terms, and process of funding behind the Arizona Innovation Fund.

Cliff Kellogg, Director of SSBCI, gave an update on the program during an installment if the CDFA SSBCI Webinar Series.

Jon Atkinson at South Coast Angel Fund explains the complexities of creating an angel fund.

Reneé Webster-Hawkins with California Pollution Control Financing Authority explains the latest information on finance programs offered by the agency.

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.

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.

The Michigan Strategic Fund and MEDC released this report detailing where each program's funds were allocated during 2013. Recipients are a wide range of innovators receiving grants, loans, and equity financing.

This brochure provides an overview to the Innovation and Business Development Program from the New York State Energy Research and Development Authority, including various offerings and investor opportunities.

This handout describes the Arizona Innovation Accelerator Loan Fund, a loan participation program funded through SSBCI and managed by the Arizona Commerce Authority, including a summary of the program, qualifications for participation, and how the...

Jared Lucas with the PA Department of Community and Economic Development shares a host of loan programs offered by the state, including Small Business First, First Industries, and Pollution Prevention Assistance Account.

Rob Rose with the Chicago Community Loan Fund presents this overview of the Small Contractor Bridge Program, which offers working capital to small construction businesses that bid on public works contracts.

Stan Luboff with Illinois Department of Commerce and Economic Opportunity shares information on Advantage Illinois, a broad package of small business lending tools administered by the state.

The Entrepreneurial Development Loan Fund is for applicants who are enrolled in or have completed a Small Business Development Center (SBDC) or other certified counseling entity program and has revenues of $500K or less for the previous year.

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.

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.

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...

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.

Nancee Trombley with California Pollution Control Financing Authority describes their three main Capital Access Programs: Heavy Duty On-Road Diesel Program, CAP for Small Business, and Collateral Support.

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 Oregon Business Development Fund (OBDF) is a revolving loan fund administered by Business Oregon. The fund has received capitalization from the federal Economic Development Administration, the state General Fund, and the Oregon State Lottery....

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...

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...

The Michigan Community Revitalization Program (MCRP) is an incentive program available from the Michigan Strategic Fund (MSF), in cooperation with the Michigan Economic Development Corporation (MEDC), designed to promote community revitalization...

JobsOhio and the Ohio Development Services Agency offers a comprehensive package of financial and technical assistance resources that support job creation and retention through site location, infrastructure development, and capital investment by...