U.S. Treasury Department’s State Small Business Credit Initiative (SSBCI) Program has $1.5 billion for employee-owned and other SEDI-owned businesses

The new SSBCI $1.5 billion allocation is for business enterprises owned and controlled by socially and economically disadvantaged individuals (SEDI-owned businesses), along with $1 billion of incentive funds for jurisdictions that demonstrate robust support for SEDI-owned businesses.