Nine more states have been approved for a piece of nearly $10 billion in relief money being distributed by the federal government to promote small business growth.
The Treasury Department on Monday announced the approval of plans from Arizona, Connecticut, Indiana, Maine, New Hampshire, Pennsylvania, South Carolina, South Dakota and Vermont. It previously announced funding for programs in Hawaii, Kansas, Maryland, Michigan and West Virginia.
The money is part of the State Small Business Credit Initiative, established in 2010 and reauthorized under the American Rescue Plan to support state programs that help small businesses access capital as they emerge from the pandemic.