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$584 million in federal funding has been targeted for businesses in the Delaware Valley under the State Small Business Credit Initiative program.
Two companies from Fargo and one from Grand Forks received funding from the Angel Match Program's latest investment.
On March 10, Silicon Valley Bank (SVB), a commercial bank headquartered in Santa Clara, California, collapsed after a bank run on its deposits in the secont-largest bank failure in United States history.
Gov. Phil Murphy announced funding for programs to address short-term liquidity issues and keep investments flowing in the wake of the bank's collapse.
Gov. Phil Murphy said the state is offering support to entrepreneurs and companies affected by the collapse of Silicon Valley Bank (SVB).