U.S. Department of the Treasury Highlights $4.8 Million Award to Help Mississippi Small Businesses Grow and Hire

WASHINGTON – Today, the U.S. Department of the Treasury (Treasury) highlighted the Mississippi Development Authority (MDA)’s $4.8 million award to support small business growth. This award is one of 14 recently announced through the Biden-Harris Administration’s State Small Business Credit Initiative (SSBCI) Investing in America Small Business Opportunity Program (SBOP). Mississippi’s initiative will be supported by $2.2 million in matching funds from Innovate Mississippi.As 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.