Notice2022-22786
Request for Information-State Small Business Credit Initiative (SSBCI) Technical Assistance Funds
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
October 20, 2022
Issuing agencies
Treasury Department
Abstract
On September 20, 2022, Treasury published a request for information (RFI) that invited the public to comment on how Treasury can use its authorities under the State Small Business Credit Initiative (SSBCI) to fund technical assistance (TA) to qualifying businesses applying to SSBCI credit and investment programs and other jurisdiction and Federal programs that support small businesses. The purpose of this notice is to extend the comment period and provide more time for interested parties to provide comments.
Full Text
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<title>Federal Register, Volume 87 Issue 202 (Thursday, October 20, 2022)</title>
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[Federal Register Volume 87, Number 202 (Thursday, October 20, 2022)]
[Notices]
[Page 63856]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-22786]
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DEPARTMENT OF THE TREASURY
Request for Information--State Small Business Credit Initiative
(SSBCI) Technical Assistance Funds
AGENCY: Departmental Offices, Treasury.
ACTION: Request for information; extension of comment period.
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SUMMARY: On September 20, 2022, Treasury published a request for
information (RFI) that invited the public to comment on how Treasury
can use its authorities under the State Small Business Credit
Initiative (SSBCI) to fund technical assistance (TA) to qualifying
businesses applying to SSBCI credit and investment programs and other
jurisdiction and Federal programs that support small businesses. The
purpose of this notice is to extend the comment period and provide more
time for interested parties to provide comments.
DATES: The comment period for the notice published September 20, 2022,
at 87 FR 57558, is extended. Responses must be received by November 3,
2022 to be assured of consideration.
ADDRESSES: Please submit comments electronically through the Federal
eRulemaking Portal: <a href="http://www.regulations.gov">http://www.regulations.gov</a>. All comments should be
captioned with ``SSBCI Request for Information Comments.'' Please
include your name, organization (if applicable), and email addresses.
Where appropriate, a comment should include a short executive summary.
In general, comments received will be posted on <a href="http://www.regulations.gov">http://www.regulations.gov</a> without change, including any business or personal
information provided. Comments received, including attachments and
other supporting materials, will be part of the public record and
subject to public disclosure. Do not enclose any information in your
comment or supporting materials that you consider confidential or
inappropriate for public disclosure.
FOR FURTHER INFORMATION CONTACT: Jeffrey Stout, at (202) 622-2059 or
<a href="/cdn-cgi/l/email-protection#67141405040e380e090108150a06130e080927131502061412151e49000811"><span class="__cf_email__" data-cfemail="7102021312182e181f171e031c1005181e1f3105031410020403085f161e07">[email protected]</span></a>. Further information may be obtained
from the SSBCI website, <a href="https://home.treasury.gov/policy-issues/small-business-programs/state-small-business-credit-initiative-ssbci">https://home.treasury.gov/policy-issues/small-business-programs/state-small-business-credit-initiative-ssbci</a>.
SUPPLEMENTARY INFORMATION: The American Rescue Plan Act of 2021 (ARPA)
reauthorized and amended the Small Business Jobs Act of 2010 (SSBCI
statute) to provide $10 billion to fund SSBCI as a response to the
economic effects of the COVID-19 pandemic,\1\ including up to $500
million for TA to qualifying businesses. As further detailed in the
SSBCI statute (12 U.S.C. 5708(e)), Treasury may generally deploy the
$500 million for TA in three ways: (1) by providing funds to eligible
jurisdictions to carry out qualifying TA plans, (2) by transferring
amounts to the Minority Business Development Agency (MBDA) so that the
MBDA may use such amounts in a matter it determines appropriate to
provide TA to qualifying businesses, or (3) by contracting with legal,
accounting, and financial advisory firms to provide TA to qualifying
businesses. Treasury previously allocated $200 of the $500 million in
TA funding to an SSBCI TA Grant Program to support jurisdictions' TA
plans and $100 million to the MBDA.\2\
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\1\ ARPA, Public Law 117-2, sec. 3301, codified at 12 U.S.C.
5701 et seq. SSBCI was originally established in title III of the
Small Business Jobs Act of 2010. Information about SSBCI is
available at: <a href="https://home.treasury.gov/policy-issues/small-business-programs/state-small-business-credit-initiative-ssbci">https://home.treasury.gov/policy-issues/small-business-programs/state-small-business-credit-initiative-ssbci</a>.
\2\ See Treasury Announces Plans to Deploy $300 Million in
Technical Assistance to Underserved Entrepreneurs and Very Small
Businesses through the State Small Business Credit Initiative (April
28, 2022), <a href="https://home.treasury.gov/system/files/136/SSBCITA-Release-4-28-22.pdf">https://home.treasury.gov/system/files/136/SSBCITA-Release-4-28-22.pdf</a>.
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On September 20, 2022, Treasury published an RFI in the Federal
Register (87 FR 57558) to request public comment on how Treasury might
allocate additional TA funding to jurisdictions or contract with TA
providers. The RFI requested that respondents address certain Key
Questions and provided that comments must be received by October 20,
2022 to be assured of consideration. This notice announces the
extension of the comment period in order to give additional time for
interested parties to provide comments. Responses must be received by
November 3, 2022 to be assured of consideration.
Jeffrey Stout,
Director, SSBCI.
[FR Doc. 2022-22786 Filed 10-19-22; 8:45 am]
BILLING CODE 4810-AK-P
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