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. WebMichigan Awarded More than $236 Million to Support Small Businesses, Create Jobs and Grow Michigan’s Economy Michigan is one of only five states to be approved for funding through this round of SSBCI awards.

MEDC to Make $237 Million Available to Help Michigan …

WebThe Collateral Support Program is funded by federal dollars provided under the State Small Business Credit Initiative (SSBCI) Act of 2010, and is designed to assist lenders and … WebClimate Bank Finance Loan Participation Program Illinois Finance Authority [email protected] Illinois Department of Commerce and Economic Opportunity IN-VENT Equity Capital Program (Direct) Same as Implementing Entity [email protected] Indiana Economic Development Corp Indiana Twenty-First Century Research and Technology Fund (21 hyd areas list

State Incentives: SSBCI Program Recap and Overview

Web(a) Each of the five Georgia SSBCI Programs will cause and result in $1 of new private credit. It is anticipated the private leverage ratio will exceed 10:1 over a 10-year period when all of Georgia’s five SSBCI Programs are measured together. (b) The Georgia SSBCI Programs are required (1) to target an average borrower or investee 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 … WebSSBCI 2.0 dollars, on the other hand, can be put towards a broad set of economic development uses focused on small businesses. The primary ground rule of SSBCI 2.0 is that states should ultimately leverage these federal dollars so at least $10 of private small business financing is invested for every $1 of SSBCI funds deployed. hyd apartments sale