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Governor Youngkin Announces $230 Million in Approved SSBCI Funding for Virginia’s Small Businesses,

Funding helps provide additional resources for Governor Youngkin’s vision of an innovation economy and stated goal of 10,000 new start-ups across the Commonwealth

DECEMBER 6, 2022 - Richmond, VA

Thanks to CBVA lobbyist, Dylan D. Bishop, for sending us the press release below from Governor Glenn Youngkin's office:

"Governor Glenn Youngkin announced today that Virginia has been approved for up to $230 million by the federal U.S. Department of the Treasury under the State Small Business Credit Initiative (SSBCI) program to accelerate the formation and growth of entrepreneurial businesses across the Commonwealth.

“Start-ups and small businesses are critical to our future and job creation. This initiative will expand our existing funding programs for companies with high potential for rapid growth and significant economic development,” said Governor Glenn Youngkin. “We must have an economy that encourages innovation and entrepreneurship across the Commonwealth because new businesses create opportunities that lift up all Virginians.”

Read the full press release

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