59.068: ScaleUp America

59.068

Inactive

Small Business Administration (SBA)

Aug. 11, 2017

July 17, 2016

The SBA’s ScaleUp America Initiative is designed to help small firms with high potential “scale up” and grow their businesses so that they will provide more jobs and have a greater economic impact, both locally and nationally. The SBA has structured this community-focused initiative with local entrepreneurial ecosystems in mind: a key emphasis of the program is building and strengthening entrepreneurial networks within a particular community, so that firms can grow by leveraging and complimenting the existing resources and expertise in their areas. The ScaleUp initiative functions by supporting communities’ efforts to deliver cohort-based intensive assistance to established high-potential small businesses and entrepreneurs that are primed for growth beyond the start-up or early stages. The initiative provides funds to organizing entities in local communities to do the following: • deliver a proven entrepreneurship education curriculum for growth-oriented entrepreneurs and small businesses; provide on-going one-on-one support, • provide mentoring and technical assistance; • facilitate connections to growth capital; and • identify opportunities to build and strengthen connections and networks in their community

C - Direct Payments for Specified Use

Educational institutions, public or private organizations and businesses, individuals, State and local governments, Indian tribes and lending and financial institutions and sureties that have the capability to provide the required business assistance.

Small business concerns as defined by industry size standards established by the U.S. Small Business Administration.