Newsletter Article March 2023
The American Rescue Plan Act of 2021 reauthorized and funded a new round of the State Small Business Credit Initiative (SSBCI 2.0), which provides a combined $10 billion to states, the District of Columbia, territories, and tribal governments to empower businesses to access capital needed to invest in job-creating opportunities as the country emerges from the COVID-19 pandemic. Each state is responsible for creating the SSBCI 2.0 programs they will use to deploy federal dollars received.
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