The U.S. Department of the Treasury announced the approval of Washington, D.C.’s plan for up to $62 million in funding under the American Rescue Plan’s State Small Business Credit Initiative (SSBCI), part of President Biden’s Investing in America agenda. The Treasury Department has now announced the approval of state, territory, D.C., and tribal government plans corresponding to over $8.3 billion in SSBCI capital and technical assistance funding to support small businesses and entrepreneurship and expand access to capital. “Support to continue the small business boom and ensure access to capital is a key component of President Biden’s Investing in America agenda,” said Deputy Secretary of the Treasury Wally Adeyemo. “The State Small Business Credit Initiative is helping to unlock the potential of entrepreneurs in underserved communities in the District of Columbia and across the nation who may have otherwise never had the support needed to pursue their business ideas and ambitions.