State Small Business Credit Initiative Competitive Technical Assistance Program

Active

Assistance listing
21.034
Agency
Grant awards
14 $74,998,454 in federal obligations

Program facts

Also known as
SSBCI Investing in America Small Business Opportunity Program, SSBCI Investing in America SBOP
Assistance type
  • Project Grant
Treasury account
  • 20-0142-0-1-376
More information

Program details come from SAM.gov Assistance Listings. Updated . Grant award figures come from USAspending.gov.

About this program

The Department of the Treasury Departmental Offices funded 14 Project Grants totaling $75 million under the State Small Business Credit Initiative (SSBCI) Competitive Technical Assistance Program (CFDA 21.034) between August 16 and August 30, 2024, but no new awards will be made in fiscal year 2026.

This program awards grants to states, the District of Columbia, territories, and Tribal governments to deliver technical assistance in legal, accounting, and financial advisory services to very small businesses and businesses owned and controlled by socially and economically disadvantaged individuals applying for SSBCI Capital Program funding or other federal or state small business programs. The technical assistance supports eligible small businesses in accessing capital to expand operations, build stronger business ecosystems, and create high-quality jobs. The program is designed to complement the formula-based SSBCI Formula TA Grant Program and the SSBCI Capital Program, which Treasury administers separately.

All 14 recent awards were Project Grants, with individual award values ranging from $1.58 million to $9.99 million. Representative awards include $9.99 million to support delivery of technical assistance services, $9.44 million for similar technical assistance provision, and $7.90 million focused on assisting very small businesses and socially and economically disadvantaged business owners applying for SSBCI funding.

The most recently posted grant opportunity (SSBCI-TA-2023-001) closed on June 3, 2024, with applications due by 11:59 p.m. That opportunity sought eligible applicants to propose innovative and high-impact models for delivering technical assistance in legal, accounting, and financial advisory services to very small businesses and socially and economically disadvantaged business owners. The Treasury explicitly states that no new awards will be made under this program in fiscal year 2026, indicating the current funding cycle has concluded and future funding availability is uncertain.

Objective and description

Objective

Through the State Small Business Credit Initiative (SSBCI) Investing in America Small Business Opportunity Program (SSBCI Investing in America SBOP), Treasury anticipates awarding $75 million for competitive grants to states, the District of Columbia

Description

The SSBCI Investing in America SBOP provides financial assistance to eligible jurisdictions that propose innovative and high-impact models for delivering TA in the areas of legal, accounting, and financial advisory services to VSBs and SEDI-owned businesses applying for an SSBCI Capital Program and or other federal or other jurisdiction small business program. The SSBCI Investing in America SBOP is related to and supports the SSBCI Capital Program and the formula-based awards issued under the SSBCI Formula 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. Pursuant to 12 U.S.C. § 5702 (c)(5), amounts transferred to participating jurisdictions under the SSBCI Capital Program are not considered assistance for purposes of subtitle V of title 31 of the United States Code. The SSBCI Formula TA Grant Program is a financial assistance 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.

Eligibility

Applicant eligibility

SSBCI Competitive TA Grant Program funding is available for states, the District of Columbia, territories, and Tribal governments that submitted complete and timely applications for the SSBCI Capital Program.

Beneficiary eligibility

Very small businesses and business enterprises owned and controlled by socially and economically disadvantaged individuals (SEDI-owned businesses). Profit organization, Other private institution/organization, Small business, Private nonprofit institution/organization

Uses of assistance

Business/Commerce, Economic Development. Grant funds provided to recipients under the SSBCI Formula TA Grant Program are intended to be used by eligible recipients to assist very small businesses (VSBs) and business enterprises owned and controlled by socially and economically disadvantaged individuals (SEDI-owned businesses) applying for the SSBCI Capital Program, or another Federal or other jurisdiction program that supports small businesses. Generally, the types of assistance will include Business/Commerce, Economic Development, and Training. Grant funds may not be used in a manner that is prohibited by the grant agreement, including in a manner that is prohibited by the SSBCI statute (12 U.S.C. § 5701 et seq.), Treasury's SSBCI TA Grant Program guidance, including the SSBCI Formula TA Grant Program Guidelines and FAQs, and 2 CFR Part 200.

Length and time phasing of assistance

The SSBCI Investing in America SBOP is a one-time program of limited duration. Treasury anticipates awarding grants under the SSBCI Investing in America SBOP that will have a performance period of up to three years. The obligation of recipients to perform and report on progress will expire as outlined in the terms and conditions of the grant agreement.

How to apply

Criteria for selecting proposals

Not Applicable. No new awards will be made in FY 2026.

Award procedure

Not Applicable. No new awards will be made in FY 2026.

Deadlines

Not Applicable. No new awards will be made in FY 2026.

Time to approval or disapproval

Not Applicable. No new awards will be made in FY 2026.

Renewals

Not Applicable. No new awards will be made in FY 2026.

Appeals

Not Applicable. No new awards will be made in FY 2026.

Grant opportunities

Opportunity Status Posted Applications due
State Small Business Credit Initiative (SSBCI) Investing in America Small Business Opportunity Program (SSBCI Investing in America SBOP) SSBCI-TA-2023-001 Closed

Grant awards

Award Recipient Federal obligations Awarded
Recipients of the state small business credit initiative investing in america small business opportunity grant… SSBCI210340013 Cherokee Nation $2,045,000
Recipients of the state small business credit initiative investing in america small business opportunity grant… SSBCI210340012 Hawaii Technology Development Corp $1,621,552
Recipients of the state small business credit initiative investing in america small business opportunity grant… SSBCI210340005 State Of Kansas Department Of Commerce $2,631,915
Recipients of the state small business credit initiative investing in america small business opportunity grant… SSBCI210340002 Arizona Commerce Authority $7,901,212
Recipients of the state small business credit initiative investing in america small business opportunity grant… SSBCI210340008 New York State Urban Development Corporation $9,446,100
Recipients of the state small business credit initiative investing in america small business opportunity grant… SSBCI210340006 Rhode Island Commerce Corp $1,582,059
Recipients of the state small business credit initiative investing in america small business opportunity grant… SSBCI210340004 Chickasaw Nation $2,045,000
Recipients of the state small business credit initiative investing in america small business opportunity grant… SSBCI210340014 Louisiana Department Of Economic Development $5,380,000
Recipients of the state small business credit initiative investing in america small business opportunity grant… SSBCI210340010 Nevada Governor's Office Of Economic Development $4,179,980
Recipients of the state small business credit initiative investing in america small business opportunity grant… SSBCI210340007 Executive Office Of The State Of California $9,999,166

Latest 10 of 14 listed here. See the rest on GovTribe.

Top recipients by federal obligations

10 of 14 recipients listed here. See the rest on GovTribe.

Federal obligations by fiscal year

Fiscal year Federal obligations
FY2024 $74,998,454

Quick answers

What is Assistance Listing 21.034?

Assistance Listing 21.034 is State Small Business Credit Initiative Competitive Technical Assistance Program, a federal grant program run by Departmental Offices (Department of the Treasury).

What is the CFDA number for State Small Business Credit Initiative Competitive Technical Assistance Program?

Its CFDA number is 21.034: Assistance Listing numbers were called CFDA numbers before 2018.

How much funding has Assistance Listing 21.034 awarded?

14 grant awards under 21.034 have obligated $74,998,454 in federal funds to 14 recipients.

Who receives the most funding from 21.034?

The recipients obligated the most under State Small Business Credit Initiative Competitive Technical Assistance Program are Executive Office Of The State Of California ($9,999,166), Maryland Technology Development Corporation ($9,998,396) and New York State Urban Development Corporation ($9,446,100).

Are there open grant opportunities under 21.034?

No opportunity listed under 21.034 is open now. The latest, State Small Business Credit Initiative (SSBCI) Investing in America Small Business Opportunity Program (SSBCI Investing in America SBOP), was posted on October 25, 2023.

On GovTribe

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