Programs and Funding
- As a part of the federal American Rescue Plan Act, the federal government passed the State Small Business Credit Initiative (SSBCI) bill to fund small business credit support and investment programs.
- This tax credit provides funds up to 50% of a qualified business' conversion costs to employee ownership. Eligible structures include employee stock ownership plans, worker-owned cooperatives, and employee ownership trusts.
- This tax credit is an eight-year job creation incentive to support competitive, multi-state, or country relocation and expansion projects.