Federal grant programs / Department of the Treasury

State Small Business Credit Initiative Competitive Technical Assistance Program (21.034)

Also known as SSBCI Investing in America Small Business Opportunity Program, SSBCI Investing in America SBOP

• Awarded, FY 2021 to 2025$75.0 million
• Grant awards14
• Typical award$4.5 million
• Awarded in FY 2025$0
• Size rank892 of 1824
• Type of assistanceGrant

Key findings

• It is the 892nd largest of 1,824 federal grant programs by five-year awards.
• The 14 largest recipients received 100% of the money.
• Awards went to recipients in 12 states and territories.

What the program funds

Through the State Small Business Credit Initiative (SSBCI) Investing in America Small Business Opportunity Program (SSBCI Investing in America SBOP), Treasury anticipates awarding $75 million for competitive grants to states, the District of Columbia, territories, and Tribal governments (each a “jurisdiction”) 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), as those terms are defined in SSBCI guidance. All awards are subject to the availability of appropriated funds and any modifications or additional requirements that may be imposed under applicable law.

From the federal Assistance Listing. Read the full listing on SAM.gov.

Open opportunities

No opportunity under this program is open or forecast on Grants.gov right now. Programs often post once a year, so the funding history below shows what to expect.

Rules from the program listing

Who can apply

SSBCI Competitive TA Grant Program funding is available for states, the District of Columbia, territories, and Tribal governments that submitted complete and timely applications for the SSBCI Capital Program.

What the money can and cannot pay for

Business/Commerce, Economic Development. Grant funds provided to recipients under the SSBCI Formula TA Grant Program are intended to be used by eligible recipients to assist very small businesses (VSBs) and business enterprises owned and controlled by socially and economically disadvantaged individuals (SEDI-owned businesses) applying for the SSBCI Capital Program, or another Federal or other jurisdiction program that supports small businesses. Generally, the types of assistance will include Business/Commerce, Economic Development, and Training. Grant funds may not be used in a manner that is prohibited by the grant agreement, including in a manner that is prohibited by the SSBCI statute (12 U.S.C. § 5701 et seq.), Treasury’s SSBCI TA Grant Program guidance, including the SSBCI Formula TA Grant Program Guidelines and FAQs, and 2 CFR Part 200. Grant funds may not be used in a manner that is prohibited by the grant agreement, including in a manner that is prohibited by the SSBCI statute (12 U.S.C. § 5701 et seq.), Treasury’s guidance, including the anticipated SSBCI Investing in America SBOP Guidelines, and 2 CFR Part 200.;

Matching requirements

This program has no statutory formula. Matching requirements are not applicable to this assistance listing. MOE requirements are not applicable to this assistance listing.

Deadlines

Apr 05, 2024 to Jun 03, 2024 Not Applicable. No new awards will be made in FY 2026.

Award range and average, in the agency's words

Treasury made 14 awards under SSBCI Investing in America SBOP, with individual awards ranging from $1.6 million to $10 million.

Quoted from the program's federal Assistance Listing. The notice of funding opportunity is the official source for each competition's rules.

Who usually wins

State and local governments received 95% of the money, tribes 2.7% and businesses 2.7%.

By state

Each state below has its own page for this program, with its recipients and yearly totals.

Award amounts are federal obligations reported to USAspending.gov for fiscal 2021 to 2025; see how our data works.