The State Small Business Credit Initiative (SSBCI) has supported over 3,600 small businesses through nearly 3,900 transactions since its launch, projected to create or retain over 46,200 jobs. This initiative, part of the American Rescue Plan, allocates nearly $10 billion to enhance access to capital, particularly for underserved communities. A recent report indicates that jurisdictions invested nearly $750 million from SSBCI, resulting in $3.1 billion in new financing. Key highlights include significant support for minority-owned businesses and partnerships with community banks and development financial institutions, emphasizing the initiative’s role in fostering entrepreneurship and economic growth across the U.S.