Nevada is Receiving $4 Million from the State Small Business Credit Initiative (SSBCI)
September 11, 2024
Delaney Sexton
Contributing Editor
Nevada is Receiving $4 Million from the State Small Business Credit Initiative (SSBCI)
“As Nevada’s economy continues to grow, it’s critical that we support our small businesses and entrepreneurs,” says U.S. Senator Jacky Rosen. “I’m glad to see millions of dollars are coming to our state to help small businesses flourish in industries like health care, clean energy, and advanced manufacturing. I’ll keep working across the aisle to get Nevada’s small businesses the resources and support they need.”
With the $4.2 million that Nevada is awarded, chosen jurisdictions in Nevada will build or expand technical assistance programs focused on connecting small and underserved businesses to financing. These services will help rural and Tribal businesses, startups, healthcare businesses, and advanced manufacturers (particularly those producing lithium batteries and other electric vehicle components) to access the legal, financial advisory, and accounting services necessary to apply for loan or investment support.
Along with the subrecipient Nevada Small Business Development Center, the initiative will partner with the Nevada Tech Hub and the National Science Foundation Engines.
“Nevada’s small businesses are key to our economy, and I will always work to ensure they have the resources they need to succeed,” says U.S. Senator Catherine Cortez Masto. “This federal funding will help small businesses throughout our state access financing and support economic growth in Nevada, and I am proud to support it.”