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21.034: State Small Business Credit Initiative Competitive Technical Assistance Program

Alternate Name: SSBCI Investing in America Small Business Opportunity Program, SSBCI Investing in America SBOP

Overview

Program Number
21.034
Status
Active
Last Modified
Oct. 20, 2023
Date Posted
Oct. 20, 2023
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, territories, and Tribal governments (each a “jurisdiction”) 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), as those terms are defined in SSBCI guidance. All awards are subject to the availability of appropriated funds and any modifications or additional requirements that may be imposed under applicable law.
Applicant Eligibility
State, U.S. Territories and possessions, State (includes District of Columbia, public institutions of higher education and hospitals), Federally Recognized Indian Tribal Governments Any 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 award under the SSBCI Investing in America SBOP, a jurisdiction must be approved as a participating jurisdiction in the SSBCI Capital Program. In addition, the eligible applicant for a jurisdiction, which may be a specific department, agency, or political subdivision of the jurisdiction, will be required to submit a designation letter on official letterhead signed by the governor of the state or mayor of the District of Columbia, or governing official of the territory or Tribal government. For more information, see the “Applicant Letter of Designation” section of the SSBCI Investing in America SBOP NOFO. 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 the relevant 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 their TA program is designed to serve eligible small businesses on a regional basis as described in the NOFO.
Beneficiary Eligibility
VSBs and SEDI-owned businesses that are applying for a jurisdiction’s SSBCI Capital Program or other federal or other jurisdiction small business program. See the SSBCI Investing in America SBOP NOFO for the definitions of key terms applicable to the program, including VSB, SEDI-owned business, and eligible beneficiaries.
Grant Awards

State Small Business Credit Initiative Competitive Technical Assistance Program direct grants

Grant Opportunities

State Small Business Credit Initiative Competitive Technical Assistance Program grant and assistance application opportunities