On October 11, the Treasury announced eleven additional states to receive up to $1 billion from the U.S. Treasury Department to promote small business growth and entrepreneurship through the American Rescue Plan. These states are Alaska, Idaho, Iowa, Massachusetts, Minnesota, Missouri, Nebraska, Nevada, New Mexico, Ohio, and Utah. 

The Secretary of the Treasury said, “This is a historic investment in entrepreneurship, small business growth, and innovation through the American Rescue Plan that will help reduce barriers to capital access for traditionally underserved communities. I’m excited to see how these SSBCI funds will promote equitable economic growth across the country.”

To read about the specific allocation of funds, visit the Treasury page.