SSBCI Resources and Research

SSBCI RESOURCES AND RESEARCH - ACADEMIC PAPERS AND RESEARCH

SSBCI Related Academic Papers and Research

News/Media Article – SSBCI Funded State VC Program - Nevada

INNEVATION CENTER TO HOST GENER8TOR RENO-TAHOE ACCELERATOR PROGRAM 2022

The University of Nevada, Reno Innevation Center will host the gener8tor Reno-Tahoe Accelerator, a nationally ranked venture-capital firm and accelerator. Applications are open through July 10, 2022, for this 12-week, in-person, investment and mentorship experience for high-growth startups. Each selected startup will receive an investment of $100,000 and access to gener8tor’s global network of mentors and investors.

Source: University Nevada Reno

Published Date: June 22, 2022

SSBCI Program - Interim Final Rule Comment – Interim Final Rule

COMMENT-TREASURY-SSBCI-APR-2022.PDF - WILLIAMS INSTITUTE

The Department, through the Secretary of the Treasury, maintains broad grants of authority through which it can issue regulations and other guidance requiring the collection of SOGI information for the purposes of implementing and monitoring the SSBCI.

Source: UCLA – Williams Institute of Law

Published Date:  April 11, 2022

News/Media Article – SSBCI State Funded Program – Technical Assistance - North Carolina

SBC Announces Funding to Support Services for Small Businesses

The Small Business Center Network of the North Carolina Community College System has announced new funding to support additional counseling services for small businesses.  On May 15, the State Board of Community Colleges approved an allocation of nearly $3 million for Small Business Centers at the 58 colleges in North Carolina. The state funding was made possible by the 2020 COVID-19 Recovery Act.

Source: Stanly Community College

Published Date:  April 10, 2022

Academia – SSBCI Program – Research - Analysis

BIG CAPITAL FOR SMALL BUSINESS

The Nowak Metro Finance Lab and Ewing Marion Kauffman Foundation have teamed up to help states maximize incoming Federal State Small Business Credit Initiative funds (SSBCI), a $10.5 billion opportunity over the next 10 years to catalyze entrepreneurship and increase access to capital in underserved communities.

Source: Drexel University – Nowak Lab

Published Date:  March 28, 2022

Academia – SSBCI Program - Analysis

COVID RECOVERY FOR SMALL BUSINESSES

Recovery Connect can connect businesses who are struggling to remain safely open and operating during the pandemic to resources that can help. State Small Business Credit Initiative (SSBCI) will provide matching capital to bank loans for locally owned small businesses.  40% of businesses will be women-owned and 20% of businesses will be minority owned

Source: Wichita State University

Published Date:  April 27, 2022

Presentation – Venture Capital – SSBCI VC Program

INTRODUCTION TO NATIONAL VENTURE CAPITAL ASSOCIATION (NVCA.ORG)

The National Venture Capital Association (NVCA) empowers the next generation of American companies that will fuel the economy of tomorrow. As the voice of the U.S. venture capital and startup community, NVCA advocates for public policy that supports the American entrepreneurial ecosystem

Source: Southern Methodist University

Published Date:  January 1, 2022

News/Media Article – SSBCI Program – White House – Biden Administration

WEIGHING PRESIDENT BIDEN’S FIRST YEAR: THE ECONOMY AND MONETARY POLICY

The administration taken some steps to address the racial wealth gap and race-based disparities. It re-started the state small business credit initiative (SSBCI) with a set-aside for socially and economically disadvantaged entrepreneurs and tribal communities, as well as priority for micro-businesses which are often owned by people of color. The program works by using federal capital to leverage private funds at up to 10:1, multiplying the bang for the federal buck.

Source: Harvard University

Published Date:  January 18, 2022

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A GUIDE TO STARTING A BUSINESS IN MINNESOTA 34TH EDITION 2016

DEED was awarded $15.5 million in federal funding for programs that will support small business lending in the state. The funding, awarded by the U.S. Department of Treasury, has been used to fund three different programs.

Source: St. Cloud State University

Published Date:  January 31, 2022

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Alabama

Capital Funding Allocation (Total): $97,943,015

Capital Funding Allocation Status: PENDING

Technical Assistance Grant (Total): $3,139,321

Technical Assistance Grant Status: PENDING

SSBCI Programs

ALABAMA SSBCI Funding Details

The SSBCI Funding for Alabama is pending, Funding Summary is listed below:

Total Capital Allocation is: $97,943,015 

Potential Additional Incentive is: $14,507,422 

Technical Assistance Grant is: $3,139,321

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Alabama

Capital Funding Allocation (Total): $97,943,015

Capital Funding Allocation Status: PENDING

Technical Assistance Grant (Total): $3,139,321

Technical Assistance Grant Status: PENDING

SSBCI Programs

ALABAMA SSBCI Funding Details

Main Capital Allocation Employment-Based
Section 3003(b)

VSB Allocation
Very Small Business
Section 3003(f)

SEDI Allocation 
Section 3003(f)

Incentive Funding
Initial Eligible Amount
Section 3003(e)

Total Potential Funding Amount

$52,092,000

$4,142,176

 

$27,201,417

$14,507,422

$97,943,015

 

ALABAMA Funded State Programs Summary

The SSBCI Funding for Alabama is pending, Funding Summary is listed below:

Total Capital Allocation is  $97,943,015 

Technical Assistance Grant is $3,139,321