THE STATE SMALL BUSINESS CREDIT INITIATIVE (SSBCI)

• Other Authors: Powell, Marcus (Editor)
• Format: Book
• Language: English
• Published: Hauppauge, New York Nova Science Publisher 2013; ©2013
• Series: Small business considerations, economics and research (Series)
• Subjects: Government aid to small business > Finance > United States; Federal aid to small business > Finance > United States; Small business > Finance > United States
• Online Access: Click Here to View Status and Holdings.

 The SSBCI provides funding to states, territories, and eligible municipalities to expand existing or to create new state small business investment programs, including state capital access programs, collateral support programs, loan participation programs, loan guarantee programs, and venture capital programs. This book examines the SSBCI and its implementation, including Treasury's response to initial program audits conducted by the U.S. Government Accountability Office and Treasury's Office of Inspector General. These audits suggested that SSBCI participants were generally complying with the statute's requirements, but that some compliance problems existed, in that, the Treasury's oversight of the program could be improved; and performance measures were needed to assess the program's efficacy.