U.S. Department of the Treasury Awards $10 Million to Maryland to Support Technical Assistance for Small Businesses in the Mid-Atlantic Region

WASHINGTON – Today, the U.S. Department of the Treasury announced that the Maryland Technology Development Corporation (TEDCO) is being awarded $10 million to support small business growth through the State Small Business Credit Initiative (SSBCI) Investing in America Small Business Opportunity Program (SBOP).Part of the Biden-Harris Administration’s economic agenda, this program provides funding to connect underserved and very small businesses to the financing 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.“The Biden-Harris Administration is committed to expanding access to capital for communities across the country and creating opportunities for entrepreneurs to grow their businesses in thriving sectors of our economy,” said U.S.