Michigan ssbci
WebJun 16, 2024 · Michigan Business Network June 16, 2024 11:00 AM Michigan Awarded More Than $236 Million in SSBCI Funding to Support Small Businesses Michigan was … WebMar 23, 2024 · To grow our impact even further, in January 2024, the Michigan Strategic Fund (MSF) board approved the State Small Business Credit Initiative (SSBCI 2.0) Michigan Business Growth Fund 2.0 programs and guidelines to access a minimum of $215.7 million in federal funding allocated to Michigan in 2024 through the American Recovery Plan Act.
Michigan ssbci
Did you know?
WebThe State Small Business Credit Initiative (SSBCI) is a $10 billion small business program managed by the U.S. Department of the Treasury (Treasury). CDFA’s SSBCI Resource Center is the central source for announcements, events, and … WebJul 25, 2024 · In May, Treasury announced the first recipients of the new SSBCI: Hawaii, Kansas, Maryland, Michigan, and West Virginia. In July, another nine states were approved: Arizona, Connecticut, Indiana, Maine, New Hampshire, Pennsylvania, South Carolina, South Dakota, and Vermont.
Web2024 State Small Business Credit Initiative (SSBCI) Application Material Documents and resources for the 2024 SSBCI program. *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. It can be used for planning purposes. WebMar 17, 2024 · State Small Business Credit Initiative (SSBCI) List of SSBCI Capital Programs and Contacts This table presents the SSBCI programs that States, the District of …
WebFeb 5, 2024 · Michigan previously exhausted all SSBCI federal funding, expending over $100 million that leveraged a total investment of nearly $600 million, including private capital. This investment has helped businesses create or retain over 12,000 jobs across the state. WebWhat is SSBCI? SSBCI stands for the State Small Business Credit Initiative, which is a federal program designed to increase the availability of capital through lending or …
WebApr 7, 2024 · The American Rescue Plan Act reauthorized and expanded the State Small Business Credit Initiative (SSBCI) to provide $10 billion to support small businesses and …
WebAug 19, 2024 · Michigan’s SSBCI 2.0 programs include new requirements for support to small businesses owned by socially and economically disadvantaged individuals and to very small businesses, defined as businesses having 10 employees or less, to continue to ensure equity in access to capital for businesses across the state. The MEDC plans to announce ... citizens bank yonkers phone numberWebMichigan receives first round of State Small Business Credit Initiative funding to support small businesses, high-tech startups throughout the state Michigan… dickeys center fort worthWebFeb 6, 2024 · Michigan previously exhausted all SSBCI federal funding, expending over $100 million that leveraged a total investment of nearly $600 million, including private capital. This investment has helped ... citizens bank yarmouth hoursWebMay 19, 2024 · LANSING, Mich. – Today, Governor Gretchen Whitmer joined the Michigan Economic Development Corporation (MEDC) to announce that Michigan has been … dickeys carycitizens bank yorktownWebJul 27, 2024 · The Michigan Economic Development Corporation (MEDC), joined by Governor Whitmer, announced that the U.S. Department of Treasury has approved up to $237 million in State Small Business Credit … citizens bank york roadWeb• SSBCI is designed to catalyze $10 of small business lending and investment for every $1 of SSBCI capital program funding, magnifying the effects of the federal funds allocated through the program. • States, the District of Columbia, territories, and Tribal governments must describe in their citizens bank york road parma ohio