State Small Credit Initiative (SSBCI)

American Samoa Department of Commerce Launches SSBCI 2.0 Program

Pago Pago, American Samoa, July 15, 2024 — The American Samoa Department of Commerce announced the launch of the SSBCI 2.0 program in partnership with the Territorial bank of American Samoa (TBAS) and the American Samoa Small Business Development eEnter (AS-SBDC).  The program is aimed at providing imroved access to capital for small businesses. For more information, contact AS-SBDC at 684.256.7232 or email info@as-sbdc.net to make an appointment.

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American Samoa Department of Commerce Awarded Technical Assistance Grant to Boost Small Businesses

Pago Pago, American Samoa, April 29, 2024 — The American Samoa Department of Commerce is pleased to announce that it has been awarded a technical assistance grant from the U.S. Treasury to bolster the State Small Business Credit Initiative (SSBCI). The grant, totaling $470,304, is designated to provide essential support to small businesses in American Samoa as they navigate various small business finance programs. Read more...

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U.S. Treasury Approves up to $57 Million in State Small Business Credit Initiative (SSBCI) 2.0 Program funds for American Samoa

Pago Pago, American Samoa, March 14, 2024 — The U.S. Treasury has officially approved the American Samoa State Small Business Credit Initiative (SSBCI) 2.0 program, empowering the territory with up to $57.0 million in funding to fuel the growth and resilience of local small businesses. This approval marks a significant milestone in fostering economic development, economic diversification, and job creation in American Samoa.  Read More...