SSBCI Technical Assistance
Grant Program

People First Economy, Detroit Community Wealth Fund, Center for Community-Based Enterprise, and Michigan Center for Employee Ownership are a collective of MEDC’s SSBCI Technical Assistance program grant, serving to provide capital for very small businesses (VBS – businesses under 10 employees) and socially and economically disadvantaged individuals (SEDI) looking to transition to employee-operative models by offering the following:

  • Helping business owners find and win capital 
  • Increasing financial and business management skills 
  • Providing support across the entire state
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Our Focus: Employee Ownership

Dig Deeper

Helping Businesses in Your Community Reach the Next Level with SSBCI

The State Small Business Credit Initiative is a Department of Treasury-funded program that flows through the State and into the MEDC. Realizing that businesses need more than just capital to succeed, the administrators of the SSBCI 2.0 program added technical assistance as a component. With that help, businesses have been able to compete faster than ever before. Get an update on the SSBCI program, learn who is participating, what resources are available, and the next steps in helping businesses reach the next level.

View the recording: coming soon!

Michigan Business Development Group Secures Government Support for Local Entrepreneurs

Business development organization, People First Economy (PFE), among eight additional statewide organizations, has received federal funding through the State Small Business Credit Initiative (SSBCI) Technical Assistance grant program. The funding initiative announced by Lieutenant Governor Garlin Gilchrist II aims to increase businesses’ access to technical assistance and funding. PFE is partnering with three aligned organizations focused on worker ownership: the Center for Community Based Enterprise (C2BE), Detroit Community Wealth Fund (DCWF), and Michigan Center for Employee Ownership (MICEO) to facilitate connections between Community Development Financial Institutions (CDFIs) and 60 small businesses for loan readiness and management technical assistance.