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The Florida Department of Economic Opportunity Announces Availability of $142 Million to Fuel Small Business Growth

by FloridaWest News




Five Programs Available to Expand Business Development and Continue Florida’s Economic Growth

The Florida Department of Economic Opportunity (DEO) announced that $142 million in new capital is available for small businesses and startups through Florida’s State Small Business Credit Initiative (SSBCI). SSBCI, administered by DEO in partnership with Enterprise Florida, Inc., has five programs to serve small businesses that may not otherwise have access to the capital needed to grow their businesses, including very small businesses and sole proprietors. This multi-year initiative is part of Governor Ron DeSantis’ large-scale effort to prioritize workforce development, cultivate a business-friendly environment, and stimulate aggressive economic growth.

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