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Office of Program Policy Analysis and Government Accountability

Status of Florida’s State Small Business Credit Initiative Programs, Report No. 15-02, January 2015
 
Full report in PDF format


  • The State Small Business Credit Initiative (SSBCI), a federal credit enhancement program, awarded Florida $97.6 million in October 2010; the last of these funds were distributed to the state in September 2014. Of this amount, $66.6 million had been loaned or awarded to 78 companies as of June 30, 2014. These companies reported creating 1,806 jobs with the assistance of these loans and awards. The funds have been used to leverage $259.3 million in private investments.
  • Reviews by the U.S. Department of Treasury and a third-party auditor found instances of inaccurate reporting related to SSBCI funds and expenses by the Department of Economic Opportunity (DEO). DEO has taken corrective actions to resolve these issues.

Which Government Program Summaries contain related information?

Department of Economic Opportunity
Community Development

    Copies of this report in print or alternate accessible format may be obtained by telephone (850/488-0021), by FAX (850/487-9213), in person, or by mail (OPPAGA Report Production, Claude Pepper Building, Room 312, 111 W. Madison St., Tallahassee, FL 32399-1475).
    e-mail address: oppaga@oppaga.fl.gov


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