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Innovation: DoD and SBA Launch Small Business Investment Company Critical Technologies Initiative to Propel Breakthroughs

Secretary of Defense Lloyd J. Austin III and Small Business Administration (SBA) Administrator Isabella Casillas Guzmán have recently announced the launch

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More than $5 million in grants to support STEM, R&D-focused small businesses

More than 30 associations in national priority areas will receive the financial injection.

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$20 million aimed to grow exports amongst new small companies

According to data from the Biden Administration, it is estimated that in the United States there are about 33 million of these businesses.

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SBA filed its first disaster declarations under the Rural Communities Act

Residents affected by recent disasters in Alabama, Nevada and California are now eligible.

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Small Business Administration commemorates its 70th anniversary

The federal agency celebrated by ringing the closing bell at the New York Stock Exchange.

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"We are focused on ensuring that entrepreneurs in the Latino community have the capital they need"

Isabella Casillas Guzmán is a key Biden official. In dialogue with LPO, she assures that her job is to make Latinos lose the fear of investing.

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Introducing a new business training course for military spouses

The Biden Administration continues to offer economic opportunities to this community.

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Reforms were announced to transform the public-private investment program

The Biden Administration seeks to expand funding for diverse and undercapitalized markets.

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SBA exceeds $25 million in disaster assistance loans

This includes those emergencies caused by severe winter storms, straight-line winds, flooding, landslides and mudslides.

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SBA tops $10 million in federal disaster assistance loans in California

Resources are earmarked for victims of severe winter storms, straight-line winds, flooding, landslides, and mudslides.

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