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,…

This Project Grant award of $9,998,396 was provided by the U.S. Department of the Treasury, Departmental Offices, under the State Small Business Credit Initiative (SSBCI) Investing in America Small Business Opportunity Program (CFDA 21.034). The goal of this grant is to support the provision of technical assistance, such as legal, accounting, and financial advisory services, to very small and underserved small businesses applying for SSBCI capital programs or other federal and state small business support initiatives. The grant recipient is the Maryland Technology Development Corporation (TEDCO), a state-level economic development organization, which will use the funding to deliver these specialized services to help small businesses in Maryland access capital and other forms of business assistance. While the specific sub-recipient activities are not known at this time, the grant is part of a broader $75 million competitive grant program aimed at expanding access to capital and creating entrepreneurial opportunities for small businesses, particularly those owned by socially and economically disadvantaged individuals.

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.