2022 MEDA Small Business Credit Initiative (SSBCI) Program Webinar
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$198M For Maryland Small Businesses
As an economic development professional, you are working with Maryland small businesses and supporting Maryland’s entrepreneurial ecosystem. In this webinar, you will learn how you can assist your businesses in applying for funding through Maryland’s State Small Business Credit Initiative (SSBCI).
The State Small Business Credit Initiative (SSBCI) was established by Congress in 2010 to provide loans and investments to underserved small businesses and received a $10 billion allocation as part of the American Rescue Plan Act. The funds from SSBCI will be used to augment existing business lending programs to support businesses with limited opportunities for growth whether due to the pandemic or historic disinvestment. Maryland’s statewide SSBCI initiatives will target communities and areas with a high concentration of small, micro, and Socially and Economically Disadvantaged Individual (SEDI) businesses to support ongoing state investments in underserved communities.
Frank Dickson, the Director of Strategic Business Initiatives at the Maryland Department of Housing & Community Development, is joined by Randy Croxton, Senior Vice President at Meridian Management Group, and Jack Miner, Chief Investment Officer at TEDCO, to discuss the initiative and eligibility to apply.
THIS IS A MEDA MEMBER-ONLY EVENT. IF YOU’D LIKE TO JOIN MEDA, PLEASE VISIT https://www.medamd.com/membership/