State Small Business Credit Initiative (SSBCI) Investing in America Small Business Opportunity Program (SSBCI Investing in America SBOP)
The summary for the State Small Business Credit Initiative (SSBCI) Investing in America Small Business Opportunity Program (SSBCI Investing in America SBOP) grant is detailed below.
This summary states who is eligible for the grant, how much grant money will be awarded, current and past deadlines, Catalog of Federal Domestic Assistance (CFDA) numbers, and a sampling of similar government grants.
Verify the accuracy of the data FederalGrants.com provides by visiting the webpage noted in the Link to Full Announcement section or by contacting the appropriate person listed as the Grant Announcement Contact.
If any section is incomplete, please visit the website for the Office of Recovery Programs, which is the U.S. government agency offering this grant.
State Small Business Credit Initiative (SSBCI) Investing in America Small Business Opportunity Program (SSBCI Investing in America SBOP): 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.
| Federal Grant Title: | State Small Business Credit Initiative (SSBCI) Investing in America Small Business Opportunity Program (SSBCI Investing in America SBOP) |
| Federal Agency Name: | Office of Recovery Programs (USDOT-ORP) |
| Grant Categories: | Business and Commerce |
| Type of Opportunity: | Discretionary |
| Funding Opportunity Number: | SSBCI-TA-2023-001 |
| Type of Funding: | Grant |
| CFDA Numbers: | 21.034 |
| CFDA Descriptions: | Information not provided |
| Current Application Deadline: | May 7th, 2024 |
| Original Application Deadline: | May 7th, 2024 |
| Posted Date: | October 25th, 2023 |
| Creation Date: | October 25th, 2023 |
| Archive Date: | June 12th, 2024 |
| Total Program Funding: | $75,000,000 |
| Maximum Federal Grant Award: | $10,000,000 |
| Minimum Federal Grant Award: | $5,000,000 |
| Expected Number of Awards: | |
| Cost Sharing or Matching: | No |
| Last Updated: | October 25th, 2023 |
- Applicants Eligible for this Grant
- Others (see text field entitled "Additional Information on Eligibility" for clarification.)
- Additional Information on Eligibility
- Any state, territory, the District of Columbia, or Tribal government (each a “jurisdiction”) that has been approved as a participating jurisdiction in the SSBCI Capital Program is eligible to apply. Jurisdictions that are not yet approved as participating jurisdictions in the SSBCI Capital Program, but that have submitted complete and timely SSBCI Capital Program applications (or are part of a joint Tribal government application), are also eligible to apply; however, to receive an SSBCI Investing in America SBOP award, a jurisdiction must be approved as a participating jurisdiction in the SSBCI Capital Program. Groups of Tribal governments may apply jointly (i.e., in consortia). For additional requirements applicable to joint Tribal applications, please see TA Grant Program FAQ #3 “Can a Tribal affiliated entity or non-Tribal entity apply for a TA grant, sign a TA Grant Agreement, and implement the grant on behalf of a group of Tribal governments” under Section III. Eligible Recipients, Beneficiaries, and TA Providers at https://home.treasury.gov/system/files/136/SSBCI-FAQs.pdf, which will apply to applications and grants under this NOFO. States, territories, and the District of Columbia may not apply jointly, but an application from these applicants or from Tribal governments will receive more points if the TA program is designed to serve eligible small businesses on a regional basis as described in the NOFO.
- Link to Full Grant Announcement
- SSBCI Investing in America SBOP NOFO
- Grant Announcement Contact
- U.S. Department of the Treasury Attn: State Small Business Credit Initiative
SSBCI Inbox