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 $5,380,000 Project Grant under the State Small Business Credit Initiative (SSBCI) Investing in America Small Business Opportunity Program (CFDA 21.034) to the Louisiana Department of Economic Development (LED). The grant's purpose is to provide technical assistance, including legal, accounting, and financial advisory services, to very small and underserved small businesses in Louisiana. The goal is to support these businesses in applying for SSBCI capital programs or other federal and state small business support initiatives. The award aims to enhance small business access to capital, foster entrepreneurship, and facilitate job creation, with a particular focus on businesses emerging from the COVID-19 pandemic. The grant was awarded on August 21, 2024.

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.