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 Department of the Treasury's State Small Business Credit Initiative (SSBCI) Investing in America Small Business Opportunity Program (CFDA 21.034) awarded a $1,582,059 Project Grant on August 23, 2024 to the Rhode Island Commerce Corporation. The goal of this grant is to support the provision of technical assistance, including legal, accounting, and financial advisory services, to very small and underserved small businesses in Rhode Island. The technical assistance is intended to help these businesses successfully apply for SSBCI capital programs or other federal and state small business support initiatives. The grant aims to enhance small business access to capital, support entrepreneurship, and facilitate job creation, with a focus on assisting businesses emerging from the COVID-19 pandemic. The Rhode Island Commerce Corporation, as a child entity within the State of Rhode Island's governmental structure, will serve as the primary implementer of this technical assistance 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.