Minnesota State Small Business Credit Initiative (SSCBI)
Minnesota was allocated $97 million for its SSBCI program, made available under the American Recovery Plan Act (ARPA) of 2021. MN DEED recently confirmed to ETC that funding was still available for its component programs.
Of particular interest to BEST START may be the Direct Investment Venture Capital Program component of SSCBI, managed by the University of Minnesota Office of Investment Bank. The program invests in start-ups that have secured a lead investor in their current start-up rounds and can be a direct investment in seed and early-stage Minnesota start-ups. Read full article on MN.gov