CalOSBA Awarded $25.3 million from Biden-Harris Administration to Support Small Businesses and Entrepreneurs across California
August 8, 2023
SACRAMENTO, CA – Last week, the California Office of Small Business Advocate (CalOSBA), an arm of the Governor’s Office of Business and Economic Development (GO-Biz), was awarded the State Small Business Credit Initiative Technical Assistance (SSBCI TA) Program by the U.S. Department of Treasury. The SSBCI TA Program award approved CalOSBA for up to $25.3 million for a period of five years, the largest investment to any one state by the Department. For the full U.S. Department of Treasury press release, click here.
With these new funds, CalOSBA will partner with the statewide network of small business technical assistance centers that represent geographic and service diversity, including services in over thirty different languages, to further reach and support small business and entrepreneurs navigate the funding landscape and successfully access capital they need to start and/or grow their business in California. CalOSBA is committed to reducing barriers to resources and information and will prioritize outreach and engagement with socially and economically disadvantaged individually (SEDI) owned businesses and very small businesses (VSB). The technical assistance services will include tailored free one-on-one counseling and no- to low-cost training.
