The U.S. Department of the Treasury aims to expand access to capital for small businesses emerging from the pandemic, to build ecosystems of opportunity and entrepreneurship, and to create high-quality jobs. It administers federal programs designed to support small businesses, including those owned by socially and economically disadvantaged individuals, through funding and technical assistance in legal, accounting, and financial advisory services.
The grant funding under the SSBCI Investing in America SBOP seeks applications from entities proposing innovative and high-impact models for delivering technical assistance in legal, accounting, and financial advisory services specifically to very small businesses and businesses owned by socially and economically disadvantaged individuals. This initiative is part of a broader effort to support small businesses in accessing capital and navigating government programs, complementing the SSBCI Capital Program and the formula-based SSBCI TA Grant Program. It targets jurisdictions that have been approved or are in the process of being approved as participants in the SSBCI Capital Program, emphasizing the creation of opportunities and jobs through enhanced access to essential business services.