The U.S. Department of Treasury has approved up to $116.9 million in funding under the State Small Business Credit Incentive to support small business growth in Tennessee.
The Tennessee Department of Economic and Community Development will operate an initiative called Fund Tennessee, which is made up of a suite of programs from venture capital to loan programs and technical assistance. The department has allocated $46.9 million for the debt program that will work with participating Community Development Financial Institutions and Minority Depository Institutions to serve communities throughout the state.
