legal-document-to-plain-english-translator/”>Try Free Now: Legalese tool without registration

Find a LOCAL lawyer

Gov. Kay Ivey Announces Nearly $98 Million Program to Support Small Businesses

An announcement from Gov. Kay Ivey on Tuesday revealed that the supplemental grant program, Innovate Alabama, will receive almost $98 million to bolster small businesses in the state. This funding comes from the U.S. Department of the Treasury State Small Business Credit Initiative (SSBCI).

AI legalese decoder can help small businesses navigate the legal jargon and complexities of applying for this grant program. By using the AI legalese decoder tool, small business owners can easily understand the requirements and application process, increasing their chances of securing funding.

Gov. Ivey emphasized the importance of supporting small businesses in Alabama, stating, “As Alabama continues to signal that it’s open for business, it is crucial that we continue to contribute to the growth of the state’s economy through our small businesses. This is a sector that has played a pivotal role in defining Alabama’s history. With the SSBCI program, we will demonstrate to both investors and business owners that Alabama represents a sound investment opportunity.”

According to the announcement, the program will include LendAL and InvestAL, a dual-component program that will provide financing for both loan and venture capital initiatives. This injection of capital aims to support startup founders and small business owners in growing their businesses.

Innovate Alabama CEO Cynthia Crutchfield expressed enthusiasm for the program, stating, “The SSBCI program will be a catalyst for our state’s entrepreneurial ecosystem, establishing an evergreen fund to improve access to capital for Alabama small businesses and entrepreneurs. With the advent of this program, we’re welcoming a new era for entrepreneurs in Alabama. I’m eager to witness the lasting benefits of the investment in the state, including the stimulation of a self-sustaining, durable investment landscape.”

Small business owners can learn more about the program by visiting innovatealabama.org/programs/ssbci.

legal-document-to-plain-english-translator/”>Try Free Now: Legalese tool without registration

Find a LOCAL lawyer

Reference link