State Small Business Credit Initiative (SSBCI) Investing in America Small Business Opportunity Program (SSBCI Investing in America SBOP)
Closed Posted
- Opportunity number
- SSBCI-TA-2023-001
- Agency
-
Department of the Treasury
- Applications due
- Award size
- $5,000,000 to $10,000,000
Opportunity facts
- Assistance listings
- Funding instrument
- Grant
- Category
-
- Business and Commerce
- Eligible applicants
-
- Other
- Full announcement
Opportunity details come from Grants.gov. Updated .
About this opportunity
The U.S. Department of the Treasury is seeking applications for grant funding under the new State Small Business Credit Initiative (SSBCI) Investing in America Small Business Opportunity Program (SSBCI Investing in America SBOP). The program aims to fund innovative and high-impact models for delivering technical assistance in the areas of legal, accounting, and financial advisory services to very small businesses and businesses owned and controlled by socially and economically disadvantaged individuals. Eligible applicants must submit proposals by June 3, 2024, which will be evaluated based on the program's objectives and requirements.
Through this grant opportunity, Treasury anticipates awarding $75 million in competitive grants. The funding is related to and supports the SSBCI Capital Program and the SSBCI Technical Assistance Grant Program, which provide funding and technical assistance to eligible small businesses. There are no specific details provided on the award values or timeline for services in the grant opportunity.
Synopsis
The U.S. Department of the Treasury (Treasury) is pleased to announce that it is seeking applications from eligible applicants for grant funding under the new SSBCI Investing in America SBOP that propose innovative and high-impact models for delivering technical assistance (TA) in the areas of legal, accounting, and financial advisory services to very small businesses (VSBs) and businesses owned and controlled by socially and economically disadvantaged individuals (SEDI‑owned businesses).
The SSBCI Investing in America SBOP is related to and supports the SSBCI Capital Program and the allocation formula-based SSBCI TA Grant Program. The SSBCI Capital Program is a federal program administered by Treasury that provides funding to states, the District of Columbia, territories, and Tribal governments to expand access to capital for small businesses emerging from the pandemic, build ecosystems of opportunity and entrepreneurship, and create high-quality jobs. The formula SSBCI TA Grant Program is also a federal program administered by Treasury that funds the provision of TA services in the areas of legal, accounting, and financial advisory services to eligible small businesses applying for SSBCI funding and other government small business programs.
All awards are subject to the availability of appropriated funds and any modifications or additional requirements that may be imposed under applicable law.
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