Policy News – March 16, 2023

President Biden intends to ask Congress for $1.6 Billion to combat ongoing fraud related to COVID relief programs, referred to as “pandemic fraud.” The proposal includes a request for a $600 million investment to ensure the government has the resources to investigate...

Industry News – March 16, 2023

Silicon Valley Bank Collapse Could Impact Startup and Tech Industries Silicon Valley Bank’s collapse became the second-largest failure of a financial institution in the country’s history. The bank’s demise could have a long-term impact as it provided financing for...

Industry News – March 9, 2023

Treasury Department Details CDFI Awards The U.S. Treasury Department Community Development Financial Institutions (CDFI Fund) will deliver $194.1 million in financial assistance awards to 252 Community Development Financial Institutions. Award recipients also included...

Policy News – March 9, 2023

SBA Administrator Isabella Casillas Guzman announced that National Small Business Week will be held on April 30 to May 6, 2023. During the week, the SBA recognizes the hard work, ingenuity, and dedication of America’s small businesses, and celebrates their...

Policy News – March 2, 2023

The U.S. Department of the Treasury recently approved up to $339 million in funding for five states and territories under the State Small Business Credit Initiative (SSBCI). They include Arkansas, Guam, Rhode Island, the U.S. Virgin Islands, and Wisconsin. SSBCI was...