Appeal Decision of Referee to the Commission, File an OnlineAppeal with the Commission, Quarterly Census of Employment and Wages (QCEW), Local Area Unemployment Statistics (LAUS), Occupational Employment and Wage Statistics (OEWS), Low-Income Home Energy Assistance Program, Contact Your Local LIHEAP Provider for Help, Low-Income Household Water Assistance Program, Contact Your Local Weatherization Office for Help, Contact Your Local CSBG Provider for Help, Community Development Block Grant Program, Accessing Comprehensive Plans and Plan Amendments, Local Workforce Development Area WIOA Plans, Workforce Program Materials and Information, Community Planning, Development and Services, Florida Small Business Emergency Bridge Loan Program, Rural Community Development Revolving Loan Program. Classification: Administrative Management 2. American Rescue Plan (ARPA) Act - Title III, Subtitle CSmall Business (SSBCI) Small Business Jobs . This new program is designed to significantly increase the number of eligible CDFI and non-profit local economic development agencies with revolving loan funds (RLFs) that can participate in the program. State Small Business Credit Initiative (SSBCI 2.0) Current Status The U.S. Treasury has awarded $1.181 billion in SSBCI 2.0 funds to California, divided equally between CPCFA and IBank. The SSBCI portal link is given here in this section. Hawaii SSBCI Funding $62M Approved & Accepting Applications: Hawaii is launching four HI-CAP programs that will include Collateral assistance, Loans, a CDFI Loan Pool Program, and an Investment Program. CDFA along with representatives from Treasury discussed key provisions in the updated guidance and fielded questions from attendees. Funding is available from U.S. Treasury in three tranches, and the first tranche of funding - $142 million - is ready for deployment. New exhibit of portraits at The Society of the Four Arts in Palm Beach, Florida thru 4/2. DEO will work with Enterprise Florida to secure partnerships with public entities and investment managers. A list of Tribal Minimum $250,000 loan amount; maximum $5,000,000. The venture capital programs are designed to invest in funds in need of additional capital to launch and scale and to make co-investments in companies alongside private investors by matching the lead investors structure and terms. Shadow or not, spring is just around the corner! The Washington State Department of Commerce hereafter called "COMMERCE," is initiating this Request for Proposals (RFP) to solicit proposals from firms interested in participating in a project to assist with the implementation of the federal State Small Business Credit Initiative (hereafter, SSBCI). Are you a business seeking a loan of $250,000 or less? For additional information, please refer to the U.S. Treasury SSBCI Preliminary Allocation Table. I am small business seeking financing. After leading advocacy efforts to secure reauthorization of the SSBCI program in 2021, CDFA hosted a 10-part biweekly SSBCI Briefing Series and four-month SSBCI Learning Series, launched a national SSBCI Coalition of more than 150 members, worked with SSBCI practitioners to provide recommendations to Treasury on program guidance, and has provided direct technical assistance to various states. Small businesses operating in Maryland with less than 500 employees. The inaugural version of SSBCI was a success. TAMPA, Fla., Nov. 8, 2021 /PRNewswire/ -- Wellcare, a wholly owned subsidiary of Centene Corporation, announced today its Special Supplemental Benefits for the Chronically Ill (SSBCI) for plan. In September 2022, DEO announced the approval of the state SSBCI application by the United States Department of the Treasury (U.S. Treasury) for $488 million in funding. Members MUST meet one or more of the eligibility requirements for SSBCI enrollment, as attested to by their provider: Autoimmune disorders Cancer Cardiovascular disorders Chronic alcohol and other drug dependence Chronic heart failure Chronic and disabling mental health conditions Chronic lung disorders Dementia Diabetes End-stage liver disease DEO will target institutions in the financial services sector that align with the mission of SSBCI. Funding is available from U.S. Treasury in three tranches, and the first tranche of funding - $142 million - is ready for deployment. Though substantial funding has been designated for allocation to the State of Illinois, Treasury has not yet fully approved the State's Application for SSBCI funds. Illinois SSBCI Funding $355M Approved: This state will operate four programs: one new loan guarantee program; two loan participation programs, one through the existing Advantage Illinois structure and one new program focused on supporting emerging businesses in the green energy sector; and a new equity/venture capital program for small businesses. SSBCI Preliminary Eligibility and Application Preliminary Eligibility The SSBCI application process begins with determining your eligibility. Once loans are approved within Florida for your small business initiatives, you can spend the amount in the following ways. This inaugural version of the SSBCI delivered around $1.5 billion to states and generated over $10 billion of investment funding into state programs supporting small businesses. Connecticut SSBCI Funding $119M Approved: Two new programs were launched - The Connecticut Future Fund and The ClimateTech (CT) Fund. The American Rescue Plan Act of 2021 reauthorized theState Small Business Credit Initiative (SSBCI)as part of the national response to the coronavirus pandemic-induced recession. The funds program, allocated $23.4 million, will provide limited partnership investments in Wyoming-based seed/early-stage venture capital funds. If you are pursuing financing for a small business, you should contact a local lender in your area and discuss your financing needs and, if needed, apply for a small business loan. *Applications are being accepted. Overview The Pennsylvania State Small Business Credit Initiative (PA-SSBCI) provides funding to economic development partners for the implementation and administration of capital programs to support small businesses through loans and equity investments: The Revolving Loan Fund component provides funding or capital to economic development organizations in the Commonwealth to create or . More information about approved lenders and the application process will be provided later in the year. U.S. Treasury Extends Tribal Government SSBCI TA Grant Program Application Deadline, U.S. Treasury Announces SSBCI Tribal Government Capital Program Application Submissions, SSBCI Comes to Indian Country: New Federal Funding for Tribes to Invest in Indian Country Small Businesses and Native Entrepreneurs, Treasury Department Publishes SSBCI Fact Sheet for Tribal Governments. A list of financial institutions participating in these program is has been released since funding has been allocated to each organization. Massachusetts SSBCI Funding $169M Approved: This state will operate five programs: two loan participation programs, two loan guarantee programs, and a venture capital program. Auxiliary aids and services are available upon request to individuals with disabilities. ET, 2022. After five years, Florida must show that taken together, $10 in new small business lending or investment was generated by every $1 in SSBCI funding. How can we participate in the program? How much has Florida been allocated for SSBCI? On February 4, 2022, IBank and the California Pollution Control Financing Authority submitted a joint application to the U.S. Treasury to draw California's $1. The Venture Capital Program is a targeted investment strategy implemented on an appropriate scale that can attract capable investment managers to support Florida small businesses and create value. The following programs are allowable under SSBCI Guidelines: Collateral Support Enables financing that might otherwise be unavailable due to a collateral shortfall. Please populate the information seen below to determine if you are eligible to submit a capital program application for the SSBCI program administered by the U.S. Department of the Treasury (Treasury). How much has Florida been allocated for SSBCI? The State Small Business Credit Initiative (SSBCI) is a $10 billion small business program managed by the U.S. Department of the Treasury (Treasury). The U.S. Department of the Treasury released its methodology summary for preliminary SSBCI allocations for Tribal governments on February 21, 2023. This is a considerable increase from the first SSBCI and the $1.4 billion it offered in 2010. These funds will support businesses owned or controlled by socially and economically disadvantaged individuals, including minority-owned, women-owned, rural, or other targeted small business populations across the state. What are Socially and Economically Disadvantaged Individuals (SEDI)? Massachusettss $30 million venture capital program, administered by MassVentures, provides pre-seed, seed, seed-extension and early-stage venture capital equity investments in Massachusetts-based technology companies. Lecture 2/27. Created as part of the Small Business Jobs Act of 2010, SSBCI was designed by the federal government to help states strengthen existing loan and equity programs and/or create new programs that support financing small businesses. *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. The Florida Allocation Agreement expired according to its terms on March 31, 2017; and WHEREAS, pursuant to Florida's SSBCI Application, the Venture Capital Program ("FLVCP") was created $108 million. As a working capital or to bear startup costs. During this webinar, CDFA provided an overview of the information included in SSBCI for Tribal Governments, and guest speakers discussed their approach to maximizing the program from the Tribal Government perspective and the perspective of a mission-aligned fund manager. Enter the type of applicant, name of the applicant, and intent notice in the eligibility portion of the application. Kentucky SSBCI Funding $117M Approved: This state will operate four programs: one loan participation program, one collateral support program, and two equity/venture capital programs. Under SSBCI, any insured depository institution, insured credit union, certified development company, or community development financial institution, as defined in section 103 of the Riegle Community Development and Regulatory Improvement Act of 1994, is eligible to participate. South Dakota SSBCI Funding $62M Approved: The state has allocated these new funds entirely to support a loan participation program, which will be dispersed through approved lending institutions and CDFIs. The new loan guarantee program has been allocated $22.9 million, which will offer higher guarantees for transactions that have a significant impact. You have selected a link to a website that is outside of the floridajobs.org domain. SSBCI was funded with $1.5 billion to strengthen state programs that support financing of small businesses. Please continue to visit floridajobs.org/SSBCI for more information. The equity/venture capital programs have combined allocations of over $173.4 million. These programs include loan and equity funding, and various venture capital and startup programs. CDFA has developed deep expertise in SSBCI due to its vast experience with the program. The next thing that follows is an email in your mentioned email address stating that you have completed your signing process. .css-1hnz6hu{position:static;}.css-1hnz6hu::before{content:'';cursor:inherit;display:block;position:absolute;top:0px;left:0px;z-index:0;width:100%;height:100%;}.css-722v25{font-weight:var(--chakra-fontWeights-bold);}Skip TeamFebruary 28, 2023 13 min read. See our full post on North Carolina SSBCI funding, Pennsylvania SSBCI Funding $268M Approved & Accepting Applications: Two programs have been approved, including a revolving loan fund ($125,838,132), and a direct venture investment ($125,000,000) component that will provide funding or capital.