Treasury Department Announces New Funding to Support Small Businesses in 20 States.

In Washington, The U.S. Department of the Treasury today announced the approval of 20 more state grants under the State Small Business Credit Initiative (SSBCI) Technical Assistance Grant Program, totaling more than $50.8 million, as part of the Biden-Harris Administration's Investing in America Agenda. These grants will be utilized to offer qualified small businesses submitting applications for the SSBCI capital program and other government small business initiatives financial, accounting, and legal advice services. The SSBCI Investing in America Small Business Opportunity Program, a new $75 million competitive grant program, was recently announced in addition to the awards being given out today. Its purpose is to support very small and underserved businesses by providing technical assistance, such as legal services to help them obtain capital from investors and financial management advice.

https://home.treasury.gov/news/press-releases/jy1923