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SSBCI Briefing Series
April 9, April 23, May 7, May 21, June 4, June 18, July 1, July 16, and July 30, 2021
1:00 PM - 2:00 PM Eastern

-Overview

The 2021 American Rescue Plan funded a second round of the successful State Small Business Credit Initiative (SSBCI 2.0) to capitalize new and existing state programs. After leading advocacy efforts to secure additional funding for the SSBCI program, CDFA is excited to host the SSBCI Briefing Series.

The application process for $10 billion in formula and competitively allocated funds will take place as the program is launched, and CDFA will remain in routine communication with Treasury officials throughout as they build SSBCI 2.0 guidance. The SSBCI Briefings serve to connect state representatives with Treasury officials as they establish SSBCI 2.0 guidance and share best practices for the development of SSBCI 2.0 programs.

All interested stakeholders are encouraged to attend and participate in the SSBCI Briefing Series as CDFA crafts recommendations for SSBCI 2.0 regulations, delivery, and implementation. Attendees will also learn from other states and practitioners to better understand SSBCI 2.0 program development and implementation at the local level.

Register

-Agenda

Friday, April 9, 2021

Fri 1:00 PM - 2:00 PM
SSBCI Briefing - April 9
Treasury's Deputy Assistant Secretary of Capital Access, Adair Morse, joined the April 9 SSBCI Briefing to provide an overview of the SSBCI 2.0 implementation process and discuss the type of input Treasury is seeking from SSBCI stakeholders during the rulemaking process. Morse serves in the Office of Domestic Finance and has a wealth of expertise in small business and venture finance among other topical fields. CDFA has been engaging with Morse and her colleagues at Treasury since the authorization of SSBCI 2.0 to help inform program implementation. In addition to Morse, the Executive Director of New Hampshire's Business Finance Authority, James Key-Wallace, shared an overview of the state's SSBCI venture capital strategy. CDFA also provided general updates from the SSBCI Coalition.
Moderator(s)
  • Katie Kramer, Vice President, Council of Development Finance Agencies
  • Rachel Reilly, Senior Advisor, Council of Development Finance Agencies
Speaker(s)
  • James Key-Wallace, Executive Director, New Hampshire Business Finance Authority
  • Adair Morse, Deputy Assistant Secretary of Capital Access, U.S. Department of the Treasury

Friday, April 23, 2021

Fri 1:00 PM - 2:00 PM
SSBCI Briefing - April 23
The April 23 SSBCI Briefing featured strategies for engaging Community Development Financial Institutions (CDFIs) and timely program information, including details about the process for submitting the Notice of Intent (NOI) to Apply. The U.S. Department of Treasury's Jeff Stout provided insight on the Notice of Intent form, important updates for states, and next steps. Georgia Department of Community Affairs Commissioner Christopher Nunn provided an overview of the state’s previous SSBCI programs and insights on engaging CDFIs. CDFA also provided additional information about the role of CDFIs, and how to identify which CDFIs are actively working in your state.
Moderator(s)
  • Rachel Reilly, Senior Advisor, Council of Development Finance Agencies
Speaker(s)

Friday, May 7, 2021

Fri 1:00 PM - 2:00 PM
SSBCI Briefing - May 7
Women- and minority-owned small businesses have been disproportionately impacted by the pandemic and resulting economic crisis. Driving capital and technical assistance to these businesses is a key goal of SSBCI 2.0. During the May 7 SSBCI Briefing, guest speakers from Start Co. and Buy from a Black Woman provided insights on how to best engage and support this critical segment of the economy.
Moderator(s)
  • Katie Kramer, Vice President, Council of Development Finance Agencies
  • Rachel Reilly, Senior Advisor, Council of Development Finance Agencies
Speaker(s)

Friday, May 21, 2021

Fri 1:00 PM - 2:00 PM
SSBCI Briefing - May 21
The U.S. Department of the Treasury joined CDFA’s SSBCI Briefing on May 21 to provide updates on the implementation of the State Small Business Credit Initiative program (SSBCI 2.0) and field questions. During this briefing, we also discussed outreach strategies that can be used to engage women- and minority-owned small businesses, microbusinesses, and small businesses located in rural communities. Guest speakers from Empire State Development and the Community Reinvestment Fund provided insights from recent efforts to creatively market available financing to these segments of the small business community.
Moderator(s)
  • Rachel Reilly, Senior Advisor, Council of Development Finance Agencies
Speaker(s)
  • Patrick Davis, Vice President of Program Strategy and Development, Community Reinvestment Fund, Inc.
  • Keith Rachey, Chief Impact Officer, Community Reinvestment Fund, Inc.
  • Pravina Raghavan, Executive Vice President, Empire State Development
  • Jeff Stout, Director, U.S. Department of the Treasury

Friday, June 4, 2021

Fri 1:00 PM - 2:00 PM
SSBCI Briefing - June 4
During this SSBCI Briefing, CDFA provided a readout from the recent SSBCI Coalition Meeting and an overview of recommendations in the Coalition's RFI response letter. Cory Phelps from the Idaho Finance and Housing Association joined this briefing. A member of the SSBCI Coalition Steering Committee, Cory offered reactions to the recommendations and shared insights on Idaho's SSBCI 1.0 program, current business needs, proposed SSBCI 2.0 activities, and new strategies.
Moderator(s)
  • Rachel Reilly, Senior Advisor, Council of Development Finance Agencies
Speaker(s)
  • Cory Phelps, Vice President, Idaho Housing and Finance Association

Friday, June 18, 2021

Fri 1:00 PM - 2:00 PM
SSBCI Briefing - June 18
During this briefing, we discussed the current Technical Assistance (TA) needs of small businesses, and considerations for designing and implementing successful TA programs. Guest speaker Michele O’Connor from the West Virginia Jobs Investment Trust provided insights on how West Virginia leveraged a network of local organizations to deliver capital and TA during SSBCI 1.0, as well as ongoing programs that continue to support small businesses throughout the state.
Moderator(s)
  • Rachel Reilly, Senior Advisor, Council of Development Finance Agencies
Speaker(s)

Thursday, July 1, 2021

Thu 1:00 PM - 2:00 PM
SSBCI Briefing - July 1
The U.S. Department of the Treasury joined CDFA’s SSBCI Briefing on July 1 to provide updates on the implementation of the State Small Business Credit Initiative program (SSBCI 2.0) and field questions. During this briefing, the Angel Capital Association also shared insights on how angel investors can be engaged to support SSBCI strategies.
Moderator(s)
  • Malcolm Guy, Coordinator, Government & External Affairs, Council of Development Finance Agencies
  • Rachel Reilly, Senior Advisor, Council of Development Finance Agencies
Speaker(s)
  • Pat Gouhin, Chief Executive Officer, Angel Capital Association
  • Adair Morse, Deputy Assistant Secretary of Capital Access, U.S. Department of the Treasury

Friday, July 16, 2021

Fri 1:00 PM - 2:00 PM
SSBCI Briefing - July 16
Expert practitioners joined CDFA’s SSBCI Briefing on Friday, July 16, 2021, to provide insights on the capital and technical assistance needed to support small businesses and startups. Guest speakers discussed venture capital, the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs, as well as small business acceleration.
Moderator(s)
  • Rachel Reilly, Senior Advisor, Council of Development Finance Agencies
Speaker(s)
  • Lisa Delp, Founding Partner, GDI Partners
  • Justin Field, Senior Vice President of Government Affairs, National Venture Capital Association
  • Troy Vosseller, Co-Founder, gener8tor

Friday, July 30, 2021

Fri 1:00 PM - 2:00 PM
SSBCI Briefing - July 30
Moderator(s)
  • Rachel Reilly, Senior Advisor, Council of Development Finance Agencies
Speaker(s)
  • Jeff Kraft, Deputy Director and BF&I Division Director, Colorado Office of Economic Development and International Trade
  • Carmen West, Senior Advisor for Access to Capital, Minority Business Development Agency

-Location

The SSBCI Briefing Series will be held online via Zoom at 1:00 PM Eastern on April 9, April 23, May 7, May 21, June 4, June 18, July 1, July 16, and July 30, 2021.

Attendees who have registered for the SSBCI Briefing Series will receive login information prior to each event. You must have access to a computer and/or phone to attend the Briefings.

Briefings will be recorded and placed online for registered participants to access afterward. Attendees who miss a briefing will still receive the online recording. Participants who purchase access to the series will also get access to recordings of past briefings.

-Registration

CDFA members can register for the entire SSBCI Briefing Series for $100 per person. Non-members of CDFA can register for the whole series for $300 per person.

Group rates are also available for groups of 5 or more people within the same organization. For more information on the group discount or to register your group, contact CDFA.

Register