On April 4, 2022, the Federal Government transitioned from the DUNS number issued by Dun and Bradstreet to the Unique Entity Identifier (UEI). SSBCI will allocate at least $500 million to Tribal governments. In fact, we've established a special Office of Small Business Affairs to connect business owners with resources that can help spark growth or ease relocation. ID.mes support website can be found at help.id.me. /. Detailed questions about the conversion from DUNS number to UEI number should be directed to GSA by creating an incident ticket with the Federal Service Desk online at fsd.gov or by calling (866) 606-8220. Treasury Announces Eleven Additional States to Receive up to $1 Billion from U.S. Treasury Department to Promote Small Business Growth and Entrepreneurship through the American Rescue Plan (10/11/2022), California to Receive up to $1.1 Billion from U.S. Treasury Department to Promote Small Business Growth and Entrepreneurship through the American Rescue Plan (9/21/2022), Capital Program Application Deadline Extended for Tribal Governments (Updated 8/26/2022), Treasury Approves Four Additional State Plans to Support Underserved Entrepreneurs and Small Business Growth Through the State Small Business Credit Initiative (8/19/2022), Treasury Launches the 2021 State Small Business Credit Initiative (SSBCI) Technical Assistance Grant Application Portal on 8/1/2022, Treasury Announces North Carolina Approved to Receive Up to $201.9 Million to Promote Small Business Growth and Entrepreneurship through the American Rescue Plan (7/29/2022), Treasury Approves Nine Additional State Plans to Support Underserved Entrepreneurs and Small Business Growth Through the State Small Business Credit Initiative (7/18/2022), Treasury Announces First State Small Business Credit Initiative Awards to Support Underserved Entrepreneurs and Small Business Growth in Key Industries (5/19/2022), Treasury Announces Plans to Deploy $300 Million in Technical Assistance to Underserved Entrepreneurs and Very Small Businesses through the State Small Business Credit Initiative (4/28/2022), Treasury Launches Historic Equity Measurements for American Rescue Plan Small Business Investments Program - Press Release 3/3/2022, Demographics-Related Reporting Requirements: Interim Final Rule (IFR), Tribal government Notice of Intent (NOI) Submissions(Updated 1/31/2022). From there, you can make any appropriate edits then click Save. Lending is provided by participating lenders. Im having issues with my SAM.gov account. The State Small Business Credit Initiative (SSBCI) was originally created through federal legislation - the Small Business Jobs Act of 2010. It seems the federal government offers loan guarantees and funds to states, who in turn offer loans processed by banks and credit unions. Tribal governments may request allocation information by emailing ssbci_information@treasury.gov or by accessing the application portal. This is the second SSBCI initiative - Minnesota received $15 million through the Small Business Jobs Act of 2010. When additional information becomes available, it will be posted on the program website at Treasury.gov/SSBCI. Please reference the website at Treasury.gov/SSBCI for more information. For the TA Grant program, preliminary program allocations for states, territories, and the District of Columbia can be found on the programs website at Treasury.gov/SSBCI by scrolling down to the Program Rules and Materials section then clicking on the Preliminary Technical Assistance Grant Program Allocation Table link. Housing Choice Voucher Program (formerly known as Section 8), Georgia Balance of State Continuum of Care (BoS CoC), GHFA Permanent Supporting Housing (formerly known as Shelter Plus Care) (PSH), Homeless Management Information System (HMIS), Housing Opportunities for Persons with AIDS (HOPWA), HUD 811 Project Rental Assistance Program (HUD 811), Reentry Partnership Housing Program (RPH), State Housing Trust Fund for the Homeless (HTF), Community Development Block Grant Disaster Recovery Program (CDBG-DR), Community Development Block Grant Coronavirus (CDBG-CV), Community Development Block Grants (CDBG), Downtown Development Revolving Loan Fund (DDRLF), Regional Economic Business Assistance (REBA), State Small Business Credit Initiative (SSBCI), Regional Economic Assistance Program (REAP), Construction Codes and Housing Development, Georgia Initiative for Community Housing (GICH), HOME Investment Partnership Program (HOME), Governing Statutes, Regulations, and Guidance, Government Management Indicators (GOMI) Survey, Report of Local Government Finance (RLGF), Georgia Commission for Service and Volunteerism, Georgia SBCG (Small Business Credit Guaranty), History - State Small Business Credit Initiative, Georgia Department of Economic Development, University of Georgia Small Business Development Center, CDFIs Engaged in Small Business Lending in Georgia, How do I make a GORA "open records" request, Popular *Please note that the PDF version of the Application Instructions below is not the application and should not be filled out or sent to Treasury. SSBCI will allocate at least $14.73 million to Tribal governments. of Treasury has released funds to somestates/territories, it is a rolling process. Helping NYS Businesses Build Back. State Small Business Credit Initiative (SSBCI) Hello folks. This document also contains the preliminary allocation methodology summary for Tribal governments. This is a considerable increase from the first SSBCI and the $1.4 billion it offered in 2010. 6.2. (404) 679-4840, Providing resources, tools, and technical assistance to cities, counties, and local authorities to help strengthen communities, Connecting communities to funding sources to help build capacity and encourage economic development while honoring the communitys past through historic preservation, Helping communities meet housing needs and connecting people with housing assistance, 2018 Georgia Department of Community Affairs. The initiative is a partnership between the federal government and individual states and provides funding to state programs that offer financing and technical assistance to small businesses. Please refer to help.id.me for more details on that process. Use the Auto Navigation feature (yellow tab) to help you navigate. This program will provide a combined $10 billion for small business credit support and investment programs to: State Small Business Credit Initiative (SSBCI) was originally created in the Small Business Jobs Act of 2010 to increase availability of credit for small businesses. Get more information at the U.S. Department of the Treasury State Small Business Credit Initiative Capital Program Policy Guidelines SSBCI program guidelines. This California paid sick leave law provides most employees in the state with paid time off if they need to be absent from work for medical reasons or to take care of an ailing family member. Email instructions and a link were emailed to eligible jurisdiction point(s) of contact the same day each portal was launched. The One-Stop Business Portal is also in development, which will provide small businesses with one resource for starting and running . Contact our office to inquire about becoming a participating lender. The U.S. Department of the Treasury has launched the 2021 State Small Business Credit Initiative (SSBCI) portal. On March 11, 2021, President Biden signed into law the American Rescue Plan Act of 2021, which provided $10 billion to fund the State Small Business Credit Initiative SSBCI. I have Subrecipients to report that have a DUNS, but no UEI. How do I apply for funds through the State Small Business Credit Initiative? Remarks by Assistant Secretary Elizabeth Rosenberg for Terrorist Financing and Financial Crimes at the Association of Women in International Trade. The SSBCI program allocates nearly $10 billion to states, the District of Columbia, territories, and Tribal governments to increase access to capital and . It was funded at $1.5 billion and implemented by Treasury and states and territories from 2011 through 2017. The Small Business Jobs Act of 2010 (the "Act") was signed into law on September 27, 2010. 6.1. The portal will provide access to $10 billion, which is made possible by the American Rescue Plan Act of 2021. You can check the status of your application at any time by logging into the Treasury Portal at Portal.Treasury.gov/cares. Box 12428 Austin, Texas 78711 (512) 936-0100 /. For more information, visit the program website at Treasury.gov/SSBCI. All said the SSBCI was responsible for helping more than 16,900 small businesses. Find out more about our Business Pandemic Recovery Initiative programs, including tax credits and grant funding, below. For more information, please visit the U.S. Department of the Treasury's website. State Small Business Credit Initiative (SSBCI) The RFP for the SSBCI Venture Capital Programs has been put on hold temporarily while we review potential changes to the RFP. Specifically, beginning in FY 2021, the Department of the Treasury (Treasury) is authorized to provide up to $10 billion in support for small business capital . As part of the American Rescue Plan Act of 2021, the Oklahoma Center for the Advancement of Science and Technology (OCAST) will receive up to $81.6 million in State Small Business Credit Initiative (SSBCI) funding to provide more access to capital for startups and small businesses in Oklahoma. Because ID.me verifies your individual identity (and not your company or agency identity), you will need to provide some personal information during the ID.me verification process. The initial SSBCI program (SSBCI 1.0) was funded with $1.5 billion to strengthen state programs that support financing of small businesses. What reporting is required? State Small Business Credit Initiative SSBCI Self-Service Resources SSBCI Self-Service Resources View complete set of self-service resources. Once the modifications are completed, we will post the revised RFP to this site. Our mission is to improve the quality of life for Pennsylvania citizens while assuring transparency and accountability in the expenditure of public funds. The Texas Small Business Credit Initiative is expected to be allocated more than $472 million and the State of Texas is focused on staying apprised of the latest program information released by the U.S. Department of the Treasury. The expectation is that this funding will generate the minimum bang for the buck of $10 in private investment for every $1 in federal funding . What is the Unique Entity Identifier (UEI) number? Information regarding webinars will be emailed to the points of contact and Authorized Representatives provided in the Notices of Intent. Why isnt the system accepting [x] information? SSBCI, which is administered by the U.S. Department of Treasury (Treasury), provides funding to be used for credit and investment programs for existing small businesses and start-ups. Information about the UEI transition can be found by accessing GSA.gov and searching on Unique Entity Identifier Update. An online application portal is forthcoming. The PA Department of Community & Economic Development (DCED) oversees the State Small Business Credit Initiative (SSBCI) in Pennsylvania. It provides secure digital identity verification to those Government Agencies and Healthcare Providers to make sure that you are you and not someone pretending to be you when you request access to online services. How do I check the status of my application? You can find information on those programs on the Treasury.gov website at http://treasury.gov/Recovery. Request for Information: Treasury posted a request for information (RFI) in the Federal Register to gather input from the public about SSBCIs Technical Assistance programs. SSBCI 1.0was passed in 2010 and ran from 2011 to 2017. Central Office 4.2. This allotment of State Small Business Credit Initiative (SSBCI) funding will continue to help small businesses through three programs: Loan Participation Program (LPP), Capital Access Program (CAP), and the NC Venture Capital Program. It also provides technical assistance to small businesses applying for SSBCI funding. Ohio initially will receive $52.4 million to support socially and economically disadvantaged individuals and very small businesses. Phone: (615) 741-1888 Applications to become a subrecipient will be accepted until January 14 . For more information on allocations and allocation methodology, please visit the State Small Business Credit Initiative website at Treasury.gov/SSBCI. If you are a Participating Jurisdiction and do not know who your outreach manager is, please contact ssbci_information@treasury.gov. 6.5. The maximum amount of the credit guaranty is $200,000. ID.me is asking for my personal information, but Im trying to apply on behalf of my entity. First, verify that your name and initials are correct. Tribal Governments must initiate and submit their completed SSBCI capital program application by October 31, 2022, at 11:59 p.m. What is the turnaround time for reviewing an application? SSBCI will allocate at least $500 million to Tribal governments. Of the total amount funded, Georgia was allocated $48,024,748. Similarly, Treasury will automatically populate your existing account records with the GSA-issued UEI number in the Treasury.gov Application and Compliance portal, as applicable. ET. When the Finish button becomes active, you can complete the signing. SSBCI is expected to create billions of dollars in lending and investments to small businesses that are not getting the support they need to expand and create jobs. 7.2. For the Capital Program, Quarterly and Annual Reporting will be required for Recipients of SSBCI funding. The Maryland Department of Housing and Community Development has been designated as the lead agency to administer Maryland's State Small Business Credit Initiative (SSBCI) funds in partnership with the Maryland Department of Commerce and the Maryland Technology Development Corporation . Entities receive payment to Fed ACH (Automated Clearing House) and Fedwire bank accounts. I am trying to fill out the application. Economic development organizations must submit the online Electronic Single Application (ESA) for assistance. Interested in doing business in Pennsylvania? The funds will also support recipient jurisdictions in promoting American entrepreneurship and democratizing access to startup capital across the country, including in underserved communities. For more information, visit the program website at Treasury.gov/SSBCI. Weencourage those interested in Tennessee's SSBCI program to check backperiodically and/orsign-upfor the newsletter for upcoming announcements. Where can I get more information on the Transition to UEI Number? For overall information about the program, including information on requesting funding, please see, For general questions about SSBCI, please email. "Small Business Trends" is a registered trademark. For the Capital program, preliminary program allocations for states, territories, and the District of Columbia can be on the programs website at Treasury.gov/SSBCI by scrolling down to the Program Rules and Materials section then clicking on the Allocations for States Territories Washington DC and Tribal Governments link. Minnesota will receive funds in three disbursements over several years. On March 11, 2021, the U.S. Congress enacted the American Rescue Plan Act, which, in part, provides $10 billion to fund the State Small Business Credit Initiative (SSBCI). The deadline for proposals will also be revised. March 31, 2023- Applications for SSBCI technical assistance funding from Tribal governments are due (application materials). Please reference the website at Treasury.gov/SSBCI for more information. For the Capital program, preliminary program allocations for states, territories, and the District of Columbia can be on the programs website at Treasury.gov/SSBCI by scrolling down to the Program Rules and Materials section then clicking on the Allocations for States Territories Washington DC and Tribal Governments link. Trafficking Indiana was approved to receive up to $99 million in federal funding through the State Small Business Credit Initiative (SSBCI) to expand access to and increase working capital for Hoosier entrepreneurs, startups and small business owners. The Treasury Portal supports most modern browsers including Microsoft Edge, Google Chrome, and an updated version of Safari. Tallahassee, FL - Today, the Florida Department of Economic Opportunity (DEO) announced the approval of the state of Florida's State Small Business Credit Initiative (SSBCI) application by the United States Department of the Treasury (U.S. Treasury) for $488 million in funding. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. Please refer to SAM.gov for further information. The Ohio Capital Access Program (OCAP) is a loan portfolio insurance program, similar to a loan guarantee, that enables small businesses to obtain credit to help them grow and expand their businesses. Further information on how these allocations were made can be found by accessing in the Technical Assistance Grant Program Guidelines on the same page. All lenders seeking approval as participating lenders in the SSBCI programs must undergo a vetting process whereby the State will evaluate the lender on management and lending experience as well as financial capacity and ability. MONTGOMERY - Governor Kay Ivey on Tuesday announced that the Alabama Innovation Corporation (Innovate Alabama) opened applications for the Innovate Alabama Supplemental Grant Program.Alabama-based recipients of Phase I and Phase II Federal Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) grants are eligible to apply for up to $250,000 in supplemental . debt program, and AssistTN, the technical assistance components. Entities are able to manage organizational information, such as legal business name and physical address associated with a UEI number, directly from SAM.gov. Eligible Entities include States, the District of Columbia, Territories, and Tribal Governments. If not, you can change them as needed. Directory of State of Nevada Employees and Elected Officials with phone numbers, emails and general information. 3.2. This initiative was originally created in 2009 under the Obama Administration. Currently, non-Tribal applications must have been initiated by December 11, 2021 and completed by February 11, 2022 at 11:59pm ET (Eastern Time). $100 million of that amount has been transferred to MBDA to assist with this effort. In addition, the program will assist small businesses that are traditionally marginalized and those that have been impacted by the COVID-19 pandemic. 2023. . December 6, 2021 Delaney SextonContributing Editor Main Street Monday - State Small Business Credit Initiative's 2021 Application Portal is Launched The U.S. Department of Treasury opened the SSBCI portal that is going to provide $10 billion to create specialized small business programs and increase access to capital. This is to deliver capital to small businesses that urgently need it in the U.S. How long will it take me to register with ID.me? SSBCI provides Eligible Jurisdictions funding for: For more information, visit the program website at Treasury.gov/SSBCI. U.S. Treasury is in the process of accepting applications for SSBCI 2.0 Technical Assistance. 60 Executive Park South, NE An overview of the results ishere. It can be used for planning purposes. 3.10. 2.9. All applications and required supplemental information must be electronically submitted by close of business on August 19, 2022. Funding is available from U.S. Treasury in three tranches, and the first tranche of funding - $142 million - is ready for deployment. Congress appropriated $1.5 billion to the Initiative. Home ->> CPCFA ->> State Small Business Credit Initiative, Please send program inquiries to ssbci@treasurer.ca.gov. If you are an eligible jurisdiction and did not receive an email, please contact Treasury at: ssbci_information@treasury.gov. The Act created the State Small Business Credit Initiative (SSBCI) to provide direct support to states for use in programs designed to increase access to credit for small businesses. State Small Business Credit Initiative (SSBCI 2.0) Current Status The U.S. Treasury has awarded $1.181 billion in SSBCI 2.0 funds to California, divided equally between CPCFA and IBank. If you are a future, new, or existing DBE, small business owner, or entrepreneur looking for more resources now, visit the BERO website and/or TNSmartStart.com to get your personalized list of resources, build your own business model canvas, or locate resources near you. Treasury Launches the 2021 State Small Business Credit Initiative (SSBCI) Technical Assistance Grant Application Portal on 8/1/2022 Treasury Announces North Carolina Approved to Receive Up to $201.9 Million to Promote Small Business Growth and Entrepreneurship through the American Rescue Plan (7/29/2022) SSBCI 1.0 was passed in 2010 and ran from 2011 to 2017. 4.6. The $1.4 billion of the first SSBCI was able to leverage more than $8 billion in private small business loans and investments. These low-interest direct loans help small businesses take steps toward expanding and creating jobs. The Texas Small Business Credit Initiative is expected to be allocated more than $472 million and the State of Texas is focused on staying apprised of the latest program information released by the U.S. Department of the Treasury.
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