State of Nebraska Accepting Public Comments on Proposed Use of State Small Business Credit Initiative Funding

State of Nebraska Accepting Public Comments on Proposed Use of State Small Business Credit Initiative Funding Main Photo

3 Nov 2021


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The Nebraska Department of Economic Development (DED) is now accepting public comments on behalf of the State of Nebraska regarding the proposed use of approximately $56.2 million in State Small Business Credit Initiative (SSBCI) funding. The funding will be available to the State through the Federal Government starting in 2022.

A product of the American Rescue Plan Act, the $56,234,176 in SSBCI funding that will be available will be administered by DED. Per federal description, the funds are intended to “help address the economic fallout of the pandemic and lay the foundation for a strong and equitable recovery by providing direct support to jurisdictions for programs that increase access to credit for small businesses.”

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