SEPTEMBER 25, 2022
Gov. Newsom announces $1.1B funding for small businesses
California Gov. Gavin Newsom announced Wednesday $1.1 billion in funding for California’s small businesses from the U.S. Treasury’s State Small Business Credit Initiative, or SSBCI, as part of the federal American Rescue Plan Act of 2021. The funding is estimated to bring an additional $18 billion in capital to small businesses in the state.