Nebraska Dept. of Economic Development Calls for Public Comment on Small Business Financing | Local

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LINCOLN – The Nebraska Department of Economic Development is accepting public comments regarding the proposed use of just over $ 56.2 million of the state’s Small Business Credit Initiative funding. Funding will be made available to the state through the federal government starting in 2022.

A product of the American Rescue Plan Act, the $ 56,234,176 in SSBCI funding will be administered by DED. According to the federal description, the funds are intended to “help cope with the economic fallout from the pandemic and lay the groundwork for a strong and equitable recovery by providing direct support to jurisdictions for programs that increase access to credit.” for small businesses ”.

The state can use the funds to develop and improve effective small business lending and investment programs, with business support services adhering to specified types of programs and guidelines set by the US Department of the Treasury. The public is invited to visit opportun.nebraska.gov/ssbci to review and submit comments on the state’s proposed use of SSBCI funds.

Public comments must be submitted in writing by November 30. For any questions or to request assistance in submitting a comment, including in another language, contact Lori A. Cole at [email protected] or 402-471-4236.

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