U.S. Department of the Treasury Awards Over $7 Million to Arizona to Help Small Businesses Grow and Hire

WASHINGTON – Today, the U.S. Department of the Treasury announced that the Arizona Commerce Authority is being awarded $7.9 million to support small business growth through the Biden-Harris Administration’s State Small Business Credit Initiative (SSBCI) Investing in America Small Business Opportunity Program (SBOP).Part of the Biden-Harris Administration’s economic agenda, this $75 million program provides funding to connect underserved and very small businesses to the capital needed to participate in key Investing in America supply chains, including electric vehicle manufacturing, semiconductor manufacturing, construction, transportation, clean energy generation, and more. The SBOP was designed to catalyze additional private sector investment by supporting small business technical assistance services like accounting and legal services.“The Biden-Harris Administration is expanding access to capital to create new opportunities for entrepreneurs and continue the historic small business boom of the last four years,” said U.S.