State Small Business Credit Initiative (SSBCI) Investing in America Small Business Opportunity Program (SSBCI Investing in America SBOP)

$5,000,000 - $10,000,000
Applications Due: Closed
Federal
USDOT-ORP (Office of Recovery Programs)

Description

The U.S. Department of the Treasury (Treasury) is pleased to announce that it is seeking applications from eligible applicants for grant funding under the new SSBCI Investing in America SBOP that propose innovative and high-impact models for delivering technical assistance (TA) in the areas of legal, accounting, and financial advisory services to very small businesses (VSBs) and businesses owned and controlled by socially and economically disadvantaged individuals (SEDIowned businesses).The SSBCI Investing in America SBOP is related to and supports the SSBCI Capital Program and the allocation formula-based SSBCI TA Grant Program. The SSBCI Capital Program is a federal program administered by Treasury that provides funding to states, the District of Columbia, territories, and Tribal governments to expand access to capital for small businesses emerging from the pandemic, build ecosystems of opportunity and entrepreneurship, and create high-quality jobs. The formula SSBCI TA Grant Program is also a federal program administered by Treasury that funds the provision of TA services in the areas of legal, accounting, and financial advisory services to eligible small businesses applying for SSBCI funding and other government small business programs.All awards are subject to the availability of appropriated funds and any modifications or additional requirements that may be imposed under applicable law.

Eligibility

States
All
Regions
All
Eligible Entities
State governments, Native American tribal organizations

Funding

Program Funding
$75,000,000
Award Ceiling
$10,000,000
Award Floor
$5,000,000
Award Count

Timing

Posted Date
October 25, 2023
App Status
No Longer Accepting Applications
Pre-app Deadline
Application Deadline
June 03, 2024

Funder

Funding Source
Source Type
Federal
Contact Name
U.S. Department of the Treasury Attn: Stat...
Contact Email
Contact Phone
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