Pentagon expects billions to be pumped into small businesses following SBA licensing of investors

Posted under: SMB
Date: 2024-10-23
Pentagon expects billions to be pumped into small businesses following SBA licensing of investors

The federal government has licensed the first cohort of investors under the Small Business Investment Company Critical Technology Initiative, which are expected to inject over $2.8 billion into more than 1,000 portfolio companies, according to the Pentagon and the U.S. Small Business Administration. The SBICCT project aims to increase the flow of private capital into technology areas deemed critical to national defense capabilities and U.S. economic success, including component-level technologies and production processes.

Read more at: defensescoop.com