The Small Business Jobs Act of 2010 (the “Act”) became law in the fall of 2010.  The Act created the State Small Business Credit Initiative, funded with $1.5 billion to strengthen state lending programs that support small businesses and manufacturers.  Of that total amount allocated, Georgia was allocated $47,808,507. Any approved program must ultimately generate $10 in private leverage for each public dollar awarded by the state. 

 

The State of Georgia application to the US Treasury was approved and the allocation agreement executed in December 2011.  Following discussions with Treasury, Georgia’s SSBCI allocation agreement approves three programs.  Those programs are: 1) Georgia Funding for CDFIs, to which the State will allocate $20 million; 2) Georgia SBCG, or Small Business Credit Guarantee, to which the State will allocate $17,808,507; and 3) GCAP (Georgia Capital Access Program), to which the State will allocate $10 million.

 

For further information about the State Small Business Credit Initiative, visit http://www.ustreas.gov/offices/domestic-finance/ssbci


Events

Atlanta SSBCI Workshop - May 23, 2012


Downloads

Walker County April 19, 2012 SSBCI Presentation (PDF)

Tifton March 15, 2012 SSBCI Seminar Presentation (PPT)

Interim Rule as Adopted 2/1/2012 (PDF)

Minutes from January 12, 2012 SSBCI Public Hearing (PDF)

January 2012 Public Hearing SSBCI Presentation (PPT)

Announcement for January 12, 2012 Public Hearing at DCA to Present SSBCI Rules (PDF)

Executive Summary Georgia SSBCI 12/7/2011 (PDF)


Contact Information:

Holly Hunt at 404-679-3144
Joanie Perry at 404-679-3173
Brian Williamson at 404-679-1587