As Treasury works to implement the second round of the State Small Business Credit Initiative (SSBCI), it is an opportunity for small businesses in persistent poverty communities to receive the critical capital infusions they need. In this brief, Partners for Rural Transformation raises the following recommendations to ensure SSBCI funds are accessible to them:
- Ensure States’ Accountability to serve Persistent Poverty Counties
2. Meaningful Engagement of CDFI/MDIs with Track-Records is Key to Meeting SSBCI Goals
3. Ensure Products Meet the Needs of Underserved Communities
4. Ensure Transparency and Accountability for States’ Performance
These recommendations are discussed in detail here: PRT SSBCI Recommendations to Treasury – 5-25-2021