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 $9,446,100 Project Grant on August 23, 2024 to the New York State Urban Development Corporation (doing business as Empire State Development) under the State Small Business Credit Initiative (SSBCI) Investing in America Small Business Opportunity Program (CFDA 21.034). This grant funding will support the provision of technical assistance, including legal, accounting, and financial advisory services, to very small and underserved small businesses in New York. The goal is to help these businesses successfully apply for SSBCI capital programs or other federal and state small business support initiatives. The award is part of a broader $75 million competitive grant program under the SSBCI Investing in America SBOP, which aims to expand access to capital and create entrepreneurial opportunities for qualifying small businesses across the United States.

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.