News Release
DED Announces Release of Second Tranche of SSBCI 2.0 Funding
The Missouri Department of Economic Development (DED), in coordination with the Missouri Technology Corporation (MTC), today announced the release of the second tranche of Missouri’s State Small Business Credit Initiative 2.0 (SSBCI 2.0) funding.
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Jefferson City, Mo. — The Missouri Department of Economic Development (DED), in coordination with the Missouri Technology Corporation (MTC), today announced the release of the second tranche of Missouri’s State Small Business Credit Initiative 2.0 (SSBCI 2.0) funding, a federal U.S. Treasury program to advance technology-based economic development. The second round of funding includes more than $33 million for statewide deployment to strengthen small business growth, expand access to capital, and support high-growth entrepreneurship across Missouri.
SSBCI 2.0 Funding
Funding Allocation
$33 million
Second tranche funding
$95 million
Total SSBCI 2.0 funding
10:1
Private capital investment ratio
Program Details
The SSBCI 2.0 program provides funding for credit and investment programs for small businesses and startups. The program offers $10 billion for states to expand access to capital for small businesses, build entrepreneurial ecosystems, and create high-quality jobs. Eligible SSBCI programs are limited to Venture Capital, Loan Participation, Loan Guarantee, Collateral Support, and Capital Access.
Related Programs
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- IDEA Fund — Provides equity-based investments to early-stage, high-growth potential Missouri companies.
- Ignite MO Loan Participation Program — Expands access to credit and capital for small businesses.