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Innovations in Small Business Support: Implementing the State Small Business Credit Initiative

Governors are currently designing small business capital access programs with significant new funding from the State Small Business Credit Initiative (SSBCI). The program was reauthorized by the American Rescue Plan Act of 2021. The first iteration of the program, established in 2010, showed considerable promise, but its implementation varied across states. SSBCI 2.0 can be used for various supports, including venture capital, loan participations, loan guarantees, collateral support, and capital access programs.

Join the Urban Institute for a discussion with leading experts on SSBCI’s promising design features as states, the District of Columbia, and territories fashion their SSBCI 2.0 programming.



  • Beth Bafford, Vice President, Syndications and Strategy, Calvert Impact Capital
  • Caleb Ballou, Vice President, Impact Finance, JPMorgan Chase & Co.
  • Rachel Reilly, Senior Advisor, Council of Development Finance Agencies

  • Rafael Salaberrios, Senior Vice President for Small Business Capital Access, Empire State Development
  • Brett Theodos, Senior Fellow and Director of the Community Economic Development Hub, Urban Institute
  • Scott Wu, Executive Director, IBank




Funding for this event was provided by a grant from JPMorgan Chase & Co. For more on Urban’s funding policies, go to

We strive to host inclusive, accessible events that enable all individuals, including individuals with disabilities, to engage fully. Please email [email protected] if you require any accommodations or have any questions about this event.

Date & Time Thursday, June 23, 2022

  • Senior Fellow