Description

Book Synopsis
The SSBCI provides funding to states, territories, and eligible municipalities to expand existing or to create new state small business investment programs, including state capital access programs, collateral support programs, loan participation programs, loan guarantee programs, and venture capital programs. This book examines the SSBCI and its implementation, including Treasury''s response to initial program audits conducted by the U.S. Government Accountability Office and Treasury''s Office of Inspector General. These audits suggested that SSBCI participants were generally complying with the statute''s requirements, but that some compliance problems existed, in that, the Treasury''s oversight of the program could be improved; and performance measures were needed to assess the program''s efficacy.

State Small Business Credit Initiative (SSBCI)

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    A Hardback by Marcus Powell

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      Book details

      Publisher Nova Science Publishers Inc
      Published 12 April 2013
      ISBN-13 9781624174827
      978-1624174827
      ISBN-10 1624174825
      Also in:
      Small businesses and self-employment

      Description

      Book Synopsis
      The SSBCI provides funding to states, territories, and eligible municipalities to expand existing or to create new state small business investment programs, including state capital access programs, collateral support programs, loan participation programs, loan guarantee programs, and venture capital programs. This book examines the SSBCI and its implementation, including Treasury''s response to initial program audits conducted by the U.S. Government Accountability Office and Treasury''s Office of Inspector General. These audits suggested that SSBCI participants were generally complying with the statute''s requirements, but that some compliance problems existed, in that, the Treasury''s oversight of the program could be improved; and performance measures were needed to assess the program''s efficacy.

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