The American Rescue Plan Act of 2021 includes a $10 billion reauthorization of the State Small Business Credit Initiative (SSBCI), a Treasury-administered federally funded economic development program intended to increase state capacity to support small business “access to capital” programs. “SSBCI 2.0” will provide the Kentucky Cabinet for Economic Development with at least $82 million of federal funds. Join Cromwell-Schmisseur, a consulting firm that served as technical advisors to the U.S. Treasury for programs funded by SSBCI 1.0, to understand the potential for Kentucky entrepreneurship through SSBCI 2.0.
SSBCI 2.0: The Potential for KY Capital Formation
Louisville, KY native who has designed and developed information technology solutions for over two decades. Active across angel & venture capital investing, tech start-ups, education advocacy and community development.
Eric is a nationally recognized leader in the niche industry of innovation-based economic development, with a specific focus on increasing the supply and accessibility of risk capital for high-growth potential companies. Eric led the restructuring and revitalization of the Tennessee Technology Development Corporation (now doing business as LaunchTN) as its president and CEO and is known as an effective advocate for strategies that improve entrepreneurial ecosystems around the country. Eric advises government officials, corporate leaders, entrepreneurs and venture investors on effective development strategies.
Dan is an entrepreneur and experienced technology-based economic development consultant. Prior to co-founding Cromwell Schmisseur, Dan was the vice president of operations and strategy for the Tennessee Technology Development Corporation (TTDC). At TTDC, Dan was responsible for strategy formation and partnership development to design and implement a comprehensive competiveness agenda for innovation-driven economic development throughout Tennessee. Previously, Dan was vice president of strategy and policy with the Kansas Technology Enterprise Corporation, where he developed a strategic plan for implementing the Kansas Economic Growth Act legislation, a 15-year, $581 million initiative to support bioscience-related economic development. Dan has managed the development of a comprehensive business plan for the IC2 Institute at The University of Texas at Austin to develop an outreach entrepreneurship education and support services program called The Texas Entrepreneurship Network.