United State Announce Support small businesses They considered that they had been historically neglected. administration Joe Biden Through the initiative Credit to small government companies (SSBCI (its abbreviation in English) will allocate venture capital funds led by women and monitored. Deputy Secretary of treasure, Wally Adeyemoalong with the governor Roy CooperIt revealed a prize of $32 million.
And so the government United State Show him Supporting entrepreneurs from all over the countryincluding businesses led by Blacks, Hispanics, veterans, and women as well as businesses located in rural areas.
Investment Announce It will stimulate an additional $60 million in private investment, totaling more than $90 million intended primarily to support and expand women- and minority-owned businesses in the state. The move is part of a larger effort by the administration to ensure that venture capital is available throughout the United States. This initiative represents the strongest three years in history for new small business applications, with notable growth in Black business ownership.
The money is part of the funding for the American Rescue Plan, which raises more than $30 billion in equity-based financing for small businesses. With nearly $3 billion allocated by 46 states and territories to equity-based financing programs, these efforts seek to overcome traditional restrictive barriers to access to capital.
the Venture capital companies Led by women and minorities in North Carolina, selected today, is committed to investing at least an additional $60 million, exceeding the $90 million target for early-stage companies. For the US government, This financing serves business sectors that are excluded from this type of capital.
In view of this and in Election yearadministration Joe Biden It continues to provide unprecedented support to small businesses, marking a historic period of growth and access to capital. Through investments that directly address the needs of traditionally underserved communities, a new standard for business development and wealth creation has been set in United StateAnd enhance the commitment of a Economic recovery Strong and fair after the epidemic.
