LATEST SSBCI NEWS
State of Wisconsin’s SSBCI program Required to invest 29% of funds in Businesses Owned by Social and Economic Disadvantaged Individuals (SEDI)
The Wisconsin Investment Fund, managed by the Wisconsin Economic Development Corporation (WEDC), is designed to provide critical funding to early-stage companies in Wisconsin, helping them grow, innovate, and compete in the global marketplace. This initiative is part...
Wisconsin Investment Fund aims to be a catalyst for innovation and investment in Wisconsin businesses
The Wisconsin Economic Development Corporation (WEDC) is dedicated to fostering innovation and growth within Wisconsin's business community, especially through the Wisconsin Investment Fund. This initiative is designed to provide much-needed capital to early-stage...
The SSBCI program offers an opportunity to revitalize manufacturing
The Urban Manufacturing Alliance (UMA) and The Century Foundation (TCF) created a report to describe the SSBCI program and offers recommendations from the perspective of mission-based lenders and those seeking to support the revitalization of manufacturing as a...
Develop Wisconsin Launches the Wisconsin SSBCI Hub to Track and Monitor Wisconsin’s SSBCI Program
Develop Wisconsin has recently launched the Wisconsin SSBCI Hub to track and monitor the State of Wisconsin's State Small Business Credit Initiative program. The State of Wisconsin is slated to start receiving up to $80 million of SSBCI funds in early 2023. Develop...
State of Wisconsin to receive over $80 million of SSBCI Funds to Support Business Development
The State of Wisconsin expects to receive $80 million for development of small businesses in the state via the US Treasury's State Small Business Credit Initiative (SSBCI). This is the second time that the SSBCI has been approved. The first time was in 2011, and the...
Catalyst Growth Capital makes a ten year funding commitment to Develop Wisconsin Business Development
Catalyst Growth Capital recently committed to provide support to Develop Wisconsin's business development programs. Catalyst Growth Capital is a business development, management and investment firm. Damon Dorsey, Chairman/CEO of Develop Wisconsin says, "We greatly...
Develop Wisconsin Partners with the Wisconsin Economic Development Corporation to Support Business Development
Develop Wisconsin has recently partnered with the Wisconsin Economic Development Corporation (WEDC), the State of Wisconsin's economic development agency. WEDC recently awarded Develop Wisconsin a Partnership Grant focused on providing technical assistance to BIPOC...
Develop Wisconsin Connecting Businesses to Opportunities on $5 Billion of Infrastructure Projects in Wisconsin
The recently passed Infrastructure Bill is expected to invest $5 billion in Wisconsin infrastructure project over the next five years. This amount is in addition to local and State spending on infrastructure improvements, expansion and maintenance. Infrastructure...
Develop Wisconsin Business Partners Commit over $12 million in Business Technical Assistance Support
Develop Wisconsin aims to develop a business develop ecosystem that can provide Black and BIPOC-owned businesses with technical assistance over the entire lifecycle of a business. To provide the level of technical assistance that our Business Investments need to grow,...
Develop Wisconsin Business Advisors Focused on Developing “Investment Ready” Businesses
Develop Wisconsin provides early-stage and existing businesses with technical assistance aimed at positioning businesses for long term success. Our Business Direct program primarily aims to 1) develop businesses to be "investment ready" or capable of attracting...
Develop Wisconsin Launches $1.5 million Business Investment Fund
Develop Wisconsin has launched a $1.5 million Business Investment Fund to support the development of Black and BIPOC-owned firms in Wisconsin. The fund provides investment grants for business services, financing assistance, business technical assistance and other...
Securing The Capital Needed to Grow Competitive Businesses
Develop Wisconsin works to connect businesses to sources of capital (debt and equity). Growing businesses need capital for to grow and improve operations, better serve customers, introduce and develop new projects, expand marketing strategy and many other reasons....
Develop Wisconsin wants at least $25 million of SSBCI Funding Dedicated to Minority Owned Businesses
Wisconsin is expected to received at least $80 million in State Small Business Credit Initiative funds over the next five years. The funds are intended to support small business growth in Wisconsin by making investments in small businesses. The SSBCI program has a...
Develop Wisconsin and Partners Seek to Raise Over $150 million over Ten Years for Business Investment and Development
Develop Wisconsin, a leading provider of business develop systems and services to communities across Wisconsin, and its partners are working to attract over $150 million for minority business development and expansion across Wisconsin. Damon Dorsey, President of...