Grants for Small Business Assistance: SSBCI Investing in America SBOP by the U.S. Department of the Treasury
The U.S. Department of the Treasury is accepting grant applications for the State Small Business Credit Initiative (SSBCI) Investing in America Small Business Opportunity Program (SBOP). This program aims to provide innovative and high-impact models for delivering technical assistance in the areas of legal, accounting, and financial advisory services to very small businesses and businesses owned and controlled by socially and economically disadvantaged individuals. Eligible applicants include states, territories, the District of Columbia, Tribal governments, and groups of Tribal governments, with an estimated total program funding of $75,000,000 and award amounts ranging from $5,000,000 to $10,000,000.
General Information
| Document Type: | Grants Notice |
| Funding Opportunity Number: | SSBCI-TA-2023-001 |
| Funding Opportunity Title: | State Small Business Credit Initiative (SSBCI) Investing in America Small Business Opportunity Program (SSBCI Investing in America SBOP) |
| Opportunity Category: | Discretionary |
| Opportunity Category Explanation: | |
| Funding Instrument Type: | Grant |
| Category of Funding Activity: | Business and Commerce |
| Category Explanation: | |
| Expected Number of Awards: | |
| CFDA Number(s): | 21.034 — State Small Business Credit Initiative Competitive Technical Assistance Program |
| Cost Sharing or Matching Requirement: | No |
| Version: | Synopsis 1 |
| Posted Date: | Oct 25, 2023 |
| Last Updated Date: | Oct 25, 2023 |
| Original Closing Date for Applications: | The deadline for submitting an application to Treasury via the application portal is 60 calendar days from the date the SSBCI Investing in America SBOP application is available. Treasury will publish a separate notification when the application is published that specifies the application deadline. |
| Current Closing Date for Applications: | The deadline for submitting an application to Treasury via the application portal is 60 calendar days from the date the SSBCI Investing in America SBOP application is available. Treasury will publish a separate notification when the application is published that specifies the application deadline. |
| Archive Date: | |
| Estimated Total Program Funding: | $ 75,000,000 |
| Award Ceiling: | $10,000,000 |
| Award Floor: | $5,000,000 |
Eligibility
| Eligible Applicants: | Others (see text field entitled “Additional Information on Eligibility” for clarification) |
| Additional Information on Eligibility: | Any state, territory, the District of Columbia, or Tribal government (each a “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 SSBCI Investing in America SBOP award, a jurisdiction must be approved as a participating jurisdiction in the SSBCI Capital Program. 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 this 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 the TA program is designed to serve eligible small businesses on a regional basis as described in the NOFO. |
Additional Information
| Agency Name: | Office of Recovery Programs |
| Description: | The U.S. Department of the Treasury (Treasury) is pleased to announce that it is seeking applications from eligible applicants for grant funding under the new SSBCI Investing in America SBOP 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).
The SSBCI Investing in America SBOP is related to and supports the SSBCI Capital Program and the allocation formula-based SSBCI TA Grant Program. The SSBCI Capital Program is a federal program administered by Treasury that provides funding to states, the District of Columbia, territories, and Tribal governments to expand access to capital for small businesses emerging from the pandemic, build ecosystems of opportunity and entrepreneurship, and create high-quality jobs. The formula SSBCI TA Grant Program is also a federal program administered by Treasury that funds the provision of TA services in the areas of legal, accounting, and financial advisory services to eligible small businesses applying for SSBCI funding and other government small business programs. All awards are subject to the availability of appropriated funds and any modifications or additional requirements that may be imposed under applicable law. |
| Link to Additional Information: | SSBCI Investing in America SBOP NOFO |
| Grantor Contact Information: | If you have difficulty accessing the full announcement electronically, please contact: U.S. Department of the Treasury Attn: State Small Business Credit Initiative
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