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The original item was published from 5/19/2023 10:48:56 AM to 5/22/2023 11:25:05 AM.

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City of Fernley News Flash

Posted on: May 19, 2023

[ARCHIVED] Nevada Small Business Credit Initiative (SSBCI)


The American Rescue Plan Act of 2021 reauthorizes and expands the State Small Business Credit Initiative (SSBCI) Program, which was originally established in 2010. SSBCI will provide a combined $10 billion 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 funds will also support recipient jurisdictions in promoting American entrepreneurship and democratizing access to startup capital across the country, including in underserved communities.

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