Innovate Alabama held its first board meeting of the year at Troy University on Tuesday. During the discussion, CEO Cynthia Crutchfield and board members shared progress on various programs within the organization’s three pillars to help innovators grow roots in Alabama: entrepreneurship and access to capital, talent attraction and retention, and outdoor recreation.
Entrepreneurship and Access to Capital
SSBCI Program
The Alabama Innovation Commission recommended that the State of Alabama apply for the federal State Small Business Credit Initiative (SSBCI) Program to provide needed resources to small businesses.
The SSBCI program was established in 2010 and reupped in 2021 through the American Rescue Plan. SSBCI aims to spur private investment for entrepreneurial pursuits.
Receiving SSBCI funding would provide needed resources to small and early-stage businesses and to support scaling of existing businesses.
Innovate Alabama Network
Innovate Alabama will lead an…
Innovate Alabama board holds first meeting of the year , Jacob Holmes , 2023-03-03 14:11:27 , Alabama Political Reporter , , [rule_{ruleNumber}] , [rule_{ruleNumber}_plain] , https://www.alreporter.com/2023/03/03/innovate-alabama-board-holds-first-meeting-of-the-year/ , https://www.alreporter.com/2023/03/03/innovate-alabama-board-holds-first-meeting-of-the-year/ , www.alreporter.com , https%3A%2F%2Fwww.alreporter.com%2F2023%2F03%2F03%2Finnovate-alabama-board-holds-first-meeting-of-the-year%2F , Economy,economic development,entrepreneur,Featured,innovate alabama,Small Business,think tank, #Innovate #Alabama #board #holds #meeting #year