SBA: SBIC Modernization Final Rule Issued to Support Reforms to Transform Public-Private Investment
Small Business Investment Company Program modernization will seed America’s next generation of fund managers while increasing funding for underserved and undercapitalized markets Today, Administrator Isabella Casillas Guzman announced the U.S. Small Business Administration (SBA)finalized a rule to modernize the Small Business Investment Company (SBIC) Program. Part of President Biden’s Investing in America Agenda, the SBIC Investment Diversification and Growth Rule will…
SBA: New Entrepreneurship Training Course Introduced for Military Spouses
Today, the U.S. Small Business Administration (SBA) launched a new business training program tailored to military spouses entitled “The Military Spouse Pathway to Business Program.” The program supports the recent White House Executive Order 14100, which strengthens economic opportunity for military and Veteran spouses, caregivers, and survivors. “The Biden-Harris Administration is working hard to create more economic opportunities for military families,…
SBA: 2023 Growth Accelerator Fund Competition Stage One Winners Announced
Opportunity for organizations to partner with Stage One winners in Stage Two for up to $5 million in total additional prizes to strengthen innovation ecosystems nationwide Today, Administrator Isabella Casillas Guzman announced the U.S. Small Business Administration (SBA) 2023 Growth Accelerator Fund Competition Stage One “Catalyze” winners to fund and build strategic ecosystem partnerships for forty organizations across the…
EDA: First Economic Development District Designated in Puerto Rico
Today, U.S. Deputy Secretary of Commerce and Puerto Rico Economic Growth CoordinatorDon Graves announced that the Department’s Economic Development Administration (EDA) has designated the first regional Economic Development District (EDD) in Puerto Rico, the Southern Puerto Rico Economic Development District (SPREDD). “President Biden is committed to ensuring that no community or demographic group is excluded from…
SBA: Virtual Military Spouse Entrepreneur Summit Scheduled for May 25th
The U.S. Small Business Administration’s Office of Veterans Business Development will host a virtual Military Spouse Entrepreneur Summit in collaboration with the U.S. Chamber of Commerce Foundation’s Hiring Our Heroes on Thursday, May 25, from 1-3:30 p.m. ET. This event furthers the priorities set forth by First Lady Jill Biden’s Joining Forces initiative. This free event will connect military spouses with…
SBA: New Development and Improvements on Loan Program Modernization Announced to Expand Access to Capital for Small Businesses
Program Improvements will expand access to capital for small businesses, especially small-dollar loans, and increase protection against fraud as part of rulemaking finalized in April Today, following the recent finalization of two new rules aimed at closing gaps in capital access for America’s small business owners, Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the…
SBA: Second Annual America’s Seed Fund Week Connecting Entrepreneurs to Early-Stage R&D Funding Announced
America’s Seed Fund Week brings together tech startups and America’s Seed Fund agencies and resources to support economic growth Today, Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice for America’s 32.5 million small businesses in President Biden’s Cabinet, announced the 2nd annual America’s Seed Fund Week. Taking place from May 15 – 18, the…
SBA: Expanded Support for Veteran Small Business Owners Announced
Today, the U.S. Small Business Administration (SBA) announced $3.5 million in grant awards to support outreach organizations focused on veteran small businesses. The grants provide critical funding to create new Veterans Business Outreach Centers (VBOCs) in Alaska, California, Colorado, Iowa, Nebraska, Nevada, and South Carolina, strengthening training and counseling services for aspiring and existing veteran and military…
SBA: 2023 Application for T.H.R.I.V.E. Executive Level Business Training for Entrepreneurs Announced
Today, the U.S. Small Business Administration (SBA) announced the opening of the 2023 application for a redesigned c-suite level training program for small business leaders, formerly known as Emerging Leaders. “T.H.R.I.V.E. Emerging Leaders Reimagined initiative will provide up-and-coming small business leaders with tools, knowledge, and access to the best and the brightest minds in economic development and business,” said Associate Administrator of…
SBA: Rules Implemented to Address Persistent Capital Access Gaps
Loan program updates will advance equity for rural, veteran, women, and minority-owned businesses The U.S. Small Business Administration has finalized two rules to address persistent gaps in access to capital impacting small business owners in underserved communities as part of the Biden-Harris Administration’s effort to grow the economy from the middle out and bottom-up, not…