Recipients of the state small business credit initiative investing in america small business opportunity grant program (ssbci sbop grant program), which may include states, the district of columbia,…

The U.S. Department of the Treasury awarded a $7,901,212 Project Grant to the Arizona Commerce Authority (ACA) on August 30, 2024 under the State Small Business Credit Initiative (SSBCI) Investing in America Small Business Opportunity Program (CFDA 21.034). The grant provides funding for the ACA to deliver technical assistance, including legal, accounting, and financial advisory services, to very small and underserved small businesses in Arizona. The goal is to help these businesses successfully apply for SSBCI capital programs or other federal and state small business support initiatives. By enhancing small business access to capital and specialized services, the grant aims to support entrepreneurship, job creation, and economic recovery from the COVID-19 pandemic. The Department of the Treasury has awarded similar grants ranging from $1.5 million to nearly $10 million to other state economic development agencies, tribal governments, and state-affiliated organizations across the country under this competitive federal grant program.

Intended beneficiaries

Qualifying very small and underserved small businesses as described in the ssbci sbop grant program guidelines.

Subrecipient activities

Subrecipient activities are not known at this time.