WebState Small Business Credit Initiative (SSBCI) About SSBCI The State Small Business Credit Initiative (SSBCI) was created through the Small Business Jobs Act of 2010 (the “Act”). SSBCI was funded with $1.5 billion to strengthen state programs that support financing of small businesses. WebPublications. SSBCI 2.0 Regulations. Local Government Assistance. Providing resources, tools, and technical assistance to cities, counties, and local authorities to help strengthen communities. Community & Economic Development. Connecting communities to funding sources to help build capacity and encourage economic development while honoring the ...
RULES OF DEPARTMENT OF COMMUNITY AFFAIRS …
WebState Small Business Credit Initiative (SSBCI) funding from the U.S. Department of Treasury. MEDC Gov. Whitmer Announces Michigan Awarded More than $236 Million to Support Small Businesses, Create Jobs and Grow Michigan’s Economy WebJul 27, 2024 · The Michigan Economic Development Corporation (MEDC), joined by Governor Whitmer, announced that the U.S. Department of Treasury has approved up to $237 million in State Small Business Credit … dr khebichat costa
Localizing the State Small Business Credit Initiative
WebJan 21, 2024 · States were able to use that federal money to leverage $8.4 billion in private lending and capital for small businesses, using a set of strategies outlined in the law and … WebAug 11, 2024 · Michigan SSBCI 2.0 Preliminary Allocation: $176 million Among all program types, collateral support programs struggled the most to generate sustainable income … WebJun 2, 2024 · In January, the Michigan Strategic Fund board approved the State Small Business Credit Initiative (SSBCI 2.0) Michigan Business Growth Fund 2.0 programs and guidelines to access a minimum of $215.7 million in federal funding allocated to Michigan in 2024 through an American Recovery Plan allocation. dr khetarpal office